Your Credit Union’s Safety & Soundness: A Message from our CEO

Together Credit Union will remain fully operational during the government shutdown. The National Credit Union Administration (NCUA), which ensures the stability of the U.S. credit union system, is an independent federal agency and does not rely on congressional appropriations.

Moreover, Together Credit Union’s Supervisory Committee, which is comprised of members, is responsible for ensuring the safety of all members' assets. As a result of their leadership and your credit union’s management, we remain well-prepared and capitalized during times of crises to assist members facing tough financial hardships. Just like the 2018-19 government shutdown, the COVID-19 pandemic, the recent environmental disasters, and, now, the current government shutdown. It is this financial stewardship that has empowered us to serve members for generations and generations to come.Recent media coverage of collapsed banks may have you wondering about the safety and soundness of your Credit Union.  Rest assured, Together Credit Union remains committed to maintaining the highest standards of effective risk management, and well-prepared and capitalized to withstand the market’s current volatility.

Since 1939, Together Credit Union has served as a trusted financial partner, empowering more our 140,000+ members with expert advice and products and services to achieve their best life. Moreover, as a not-for-profit financial cooperative, we continue to earn positive results from our examinations by both the National Credit Union Association and the State of Missouri.

For additional peace of mind, below are a few facts that make Together Credit Union different from banks:

• Your deposit accounts are federally insured up to $250,000.00 and your Individual Retirement Accounts (IRA) are also insured up to $250,000.00 by the National Credit Union Share Insurance Fund (NCUSIF) which is managed by the National Credit Union Administration (NCUA), a U.S. government agency.  Please contact us if you have any questions about your coverage.
   
• Together Credit Union is owned by our members, so every member has a voice and a vote in how we operate. Our profits are also reinvested back into the credit union, enabling us to charge less for loans, pay more on deposits, and have fewer and lower-priced fees compared to other financial institutions. Learn more about the difference Credit Unions make in their communities.
   
• Together Credit Union maintains a diversified portfolio of member loans and investments and has sound risk management practices to ensure safety and soundness. 

Sincerely,

Bob McKay

President & CEO