The Safety and Security of Your Credit Union

With recent news coverage focusing on companies collapsing in the wake of the mortgage crisis, we want to assure all of our members that Burbank Community Federal Credit Union is a strong and solid financial institution. Through careful and prudent management of the Credit Union, we continue to have a positive net income.

Additionally, we are extremely well capitalized just under 12% of total assets, which is more than double that of most banks. By National Credit Union Association (NCUA) standards, a Credit Union is well capitalized at 7%.

As a member-owned cooperative, our Credit Union deals only with stable and secure products and services. Furthermore, we have never worked with the sub-prime lending market, nor do we have any intention of entering any type of speculative market. This philosophy has served us well for more than 68 years, and will help guide us for many more years to come.

All funds deposited with Burbank Community Federal Credit Union are federally insured by the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF is managed by the NCUA, an independent agency of the United States Government. Your deposits are generally insured up to the standard maximum share insurance amount, currently $250,000 (with an additional $250,000 for IRAs). You may increase your coverage by putting your share accounts into different ownership types. Visit the NCUA website.

We take the safety and security of your money as our number one priority, and we’re absolutely committed to earning and keeping your trust. If you have any questions, please feel free to contact the Credit Union at (818) 238-2900.