Arapahoe CU is Safe, Secure and Stable
The financial collapse a few years ago created worry about how safe an institution may be. Here, you don't have to worry about that. We are a conservative credit union and were never at risk. As a not-for-profit, our goal has always been to provide the best possible money management. No corporate shareholders means we don't have to seak out risky investmens to increase profit.
Additionally, Arapahoe CU is federally insured by the National Credit Union Association which works almost exactly like the FDIC, but for credit unions. A law passed in 2010 allows the NCUA to permanently insure each member up to $250,000. IRAs are also secured to this limit.
While most members can rely on these most basic figures, there are also exceptions. For example, joint accounts and beneficiaries can increase this limit. To calculate your coverage, click here.
Moreover, we are a five-star credit union as rated by Bauer Financial. This independent site compiles financial data and determines the stability of a credit union.
The trick to any financial institution is to keep yourself in balance. That is, loans should roughly equal your deposits. If you have ten million in loans, you should have roughly ten million in assets. The closer you are to this balance, the more stable you are. ACU does an excellent job of maintaining this ratio while also providing our financial tools to the membership.
If you have any questions, please let us know. You can also visit the NCUA site for more information on your federal insurance.