Financial Position Statement

North County Credit Union (NCCU) was founded in 1953.  In light of recent events in the banking industry, we want to reassure our members and the community that we continue to be committed to maintaining the highest standards of financial stability, ethical banking standards, and member service.

At NCCU, we understand that you work hard for your money, which is why we are committed to providing you with peace of mind when it comes to the safety of your deposits.

As a federally insured credit union, NCCU is required by the National Credit Union Administration (NCUA) to meet strict standards to ensure safety and soundness. Insured deposits are protected by the National Credit Union Share Insurance Fund, created by Congress in 1970 and administered by the NCUA. NCCU has consistently received high marks from both the NCUA and state regulators.

NCCU will remain sound because our focus is on our members’ needs, primarily consisting of consumer loans and deposits. We can confidently separate ourselves from the scenarios of banks impacted by economic pressures because of our focus on stable, reliable products designed to improve our members' financial well-being.

We want to assure you that your credit union is financially strong and your deposits are safe and secure. We also understand the importance of transparency and clear communication for our members, community and team. We are committed to maintaining the highest standards of financial stability, ethical banking practices, and member service and want to thank you for choosing NCCU as your trusted financial institution. 

Thank you.

Gary Sisk, CEO