Dear Members & Community,

I just want to send out a calming message to our members and community regarding the recent banking news. We are not exposed or have done risky actions such as the banks in the news. This was a situation that should never have occurred.

Furthermore, ALL Arrha deposits are fully insured by the NCUA (up to $250,000) and by MSIC (for any remaining balances above the $250,000). Credit union members have never lost a penny of insured savings at a federally insured credit union and our industry’s deposit insurance fund has the backing of the full faith and credit of the U.S. government.

See MyCreditUnion.gov for more information and read more details from NCUA Chairman Todd M. Harper. Arrha CU is in solid financial shape! 

This is a great opportunity for individuals and businesses who are thinking of switching banks to go to a credit union, especially ARRHA CREDIT UNION.

Mike

Michael Ostrowski

Chief Executive Officer and President