Dear Valued Members,
I want to take this opportunity to address the recent news surrounding the shutdown of Silicon Valley Bank (SVB) and the impact it has had on some banks in the SF Bay Area. Firstly, I want to thank you for your continued trust in SF Fire Credit Union and assure you of our unwavering commitment to your financial stability and well-being.
Some customers of affected banks have been contacting us, seeking information and reassurance during this time. Let me take this opportunity to remind you that we have always been a stable financial institution and of our prudent approach in providing safe, reliable financial products and services to our members. During the pandemic, we remained open for business, and were recognized as the #1 credit union to join during the Occupy Wall Street movement of 2011.
We understand that you may have concerns regarding the stability of your finances outside of the credit union, and we want to assure you that we are here to help. Our products and services are designed to provide great benefits and financial security. We offer competitive cash bonuses and good term certificate rates. The last five annual reports demonstrate our continued progress and stability.
To our potential new members from affected banks, we would like to welcome you to the SF Fire Credit Union Family. As a member-owned, not-for-profit cooperative, we prioritize the well-being of our members above everything else. Our staff are equipped to provide you with the guidance and extra support you need during this time.
At SF Fire Credit Union, we are a core member of the San Francisco Bay Area community, and have been for over 70 years. We were built by firefighters but are open to community members. We are proud of our commitment to serving the community, and we will continue to do so for many years to come.
If any friends and family would like to open an account with SF Fire Credit Union, please share our new member offer at sffirecu.org/bonus300
President & CEO
SF Fire Credit Union