Your Deposits are Safe in Your Credit Union

Your Deposits are Safe in Your Credit Union

March 14, 2023

Dear Member,

In light of the recent news regarding Silicon Valley Bank in California and Signature Bank in New York, we want you to know that Archer Credit Union is financially strong and well-capitalized. Your deposits in the credit union are safe and federally insured by the National Credit Union Administration up to at least $250,000 per individual depositor, the same as any other federally insured financial institution. Treasury Secretary Janet Yellen and Fed Chief Jay Powell and the FDIC announced on March 13, 2023 that the government will now reimburse the uninsured depositors, to reassure the likes of you and me and prevent a nationwide run.

As an Archer Credit Union member, you are an owner of our not-for-profit financial cooperative. Archer Credit Union prioritizes the financial security and success of our member owners. We were chartered almost 40 years ago, and we remain committed to serving our community. You can be assured that your money is safe and sound with us. We have an experienced team to serve you and are happy to answer any questions or concerns that you may have.

You can visit for more information about the National Credit Union Share Insurance Fund coverage for consumers. Please visit our website at or call our home office at (308) 946-3070 with any questions.


Rex Minert