For many people, the world of finance can seem intimidating at times, especially with news filled with bank failures, recession speculations, and tech layoffs. However, as a valued member of SF Fire Credit Union, there are several positive assurances we can provide: your money is secure, our community is resilient, and we stand united regardless of the economic climate. Keeping this in mind, I am delighted to share some exciting updates that showcase the robustness of our credit union as we approach the summer season.
To expand our service and provide better local support for members, we opened our new Noe Valley branch and hosted our grand opening celebration on May 20th. More than 400 people came out to welcome us to the neighborhood as we celebrated with ice cream, balloons and fire truck photo ops. We’re proudly settling into our new location and are also looking forward to remodeling our Stonestown branch later this year.
As a not-for-profit credit union, we are built to help our members succeed. Our philosophy of low fees, fair interest rates, and sustainable growth has carried us through economic upswings and recessions alike. With assets of $1.8 billion, and a risk-based capital ratio in excess of 13%, SF Fire Credit Union is well-capitalized. If you need new ways to get more from your money, we can help with options including term certificates, low-interest credit cards and more.
As we build for the future, we welcomed Brook Baker as our new Board Chair. Brook has been a member of the board for more than 13 years serving as both a director and secretary, and has served in the San Francisco Fire Department since 2000. We’re thrilled that we will continue to benefit from Brook’s leadership, and are excited to have John Sweeney, our previous Board Chair with 45 years of service, transition to a new role as Emeritus Director.
Always with you
No matter what the future holds, SF Fire is here to help you reach your financial goals with local service you can trust, and favorite traditions like Shred Day, where we helped more than 300 members keep their information secure this May.
Thank you for your membership and support — we hope to see you soon!
President and CEO