These are challenging times, for consumers and especially for financial institutions. Fortunately, our 60-year history of responsible and conservative business and lending practices has enabled us to continue to thrive and grow, even during difficult times. Here’s why our members can continue to feel safe with Salal:

• We have a strong net worth ratio which is significantly above the “Well Capitalized” requirement as defined by the National Credit Union Association (NCUA), our federal deposit insurer. This cushion of excess capital provides additional safety to our members while allowing us to continue to grow and serve new members.
• In addition to our growing business, we recently received the highest overall rating possible from state regulators because of our performance during these difficult economic times and the many changes we’ve made to effectively manage our business while still serving our members well.
• We continue to practice the careful lending practices that have served us well in the past. We know that the money we lend is your money—and one of our primary responsibilities is to lend your money responsibly.

One of the most positive differentiators of Salal Credit Union is that our members know they can count on us to be there for them—not only with great rates on deposits and loans, but also if they run into any of the financial trouble life often brings. We pride ourselves on treating our members differently – and better – than they would be treated at any other financial institution.

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