The recently reported closures of regional banks have understandably raised concerns for consumers across our nation about the safety and security of their money.
Rest assured that your money deposited in Zing Credit Union is safe.
Zing is a well-capitalized institution, exceeding regulatory standards for well-capitalized financial service providers. Because of our solid financial performance through the years, we are well-positioned to meet our members’ financial service needs. Additionally, Zing Credit Union is federally insured by the National Credit Union Administration. Deposits are insured up to $250,000 per individual depositor by the National Credit Union Share Insurance Fund (NCUSIF). For more information, please visit mycreditunion.gov/share-insurance.
The Credit Union Difference
Credit unions, like Zing, are different from banks. While banks and credit unions can provide you with similar services, including deposit and loan products, the biggest difference is that credit unions are not-for-profit cooperatives. We answer to our members, not stockholders. We put our members’ best interests first. Your volunteer, member-elected, Board of Directors ensures this. After all, they are Zing Credit Union members, just like you.
We operate with established, prudent policies and procedures to protect your money. To review our financials, and a report from our Supervisory Committee, please request a copy of our latest Annual Report here.
If you have questions, please contact us here to recieve a response from a member of our Senior Management Team.
Tessa Bonfante & Shane Silvernale