A Message from our President and CEO

Your Money is Safe with Us

In light of recent events, I want to assure you of your credit union’s continued strength and stability. As a member, you can rest easy knowing your deposits are in a safe place, and that they are federally insured up to at least $250,000 by the National Credit Union Administration. We have ample liquidity and are in an excellent position to continue meeting your financial needs now and into the future.

Despite the recent bank failures the banking system remains resilient and on solid ground, backed by the full support of banking regulators who took swift action to ensure depositors had access to their funds. The Federal Reserve has stated that it will help assure banks and credit unions are able to meet the needs of all their depositors.

DECU is safe and financially sound.

We are a not-for-profit cooperative which allows us to make the right decisions for the benefit of our members, and the health of our credit union. Our operations are guided by an experienced management team and overseen by a Board of Directors made up of members just like you. We continue to hold the highest 5-Star rating for financial strength from Bauer Financial. In addition:

  • We have a solid asset base and a strong loan portfolio.
  • We manage conservatively and we do not take risks similar to banks in the news who focused on startup companies, venture capital firms, and crypto. We have no exposure to this.
  • We remain well-capitalized and strong, and member deposits are secure.

Your deposits are federally insured to at least $250,000.

Your deposits are insured through the National Credit Union Administration (NCUA) just like the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC). No credit union member has ever lost a penny of insured funds in the entire history of NCUA.

You can get additional insurance coverage on multiple accounts if you have different ownership rights and properly complete forms.

As a member, you can rest easy knowing you made a wise decision to put your money somewhere safe. We do understand you may have questions or concerns and we are happy to speak with you. If so please call us at 800-268-6928. We’re here to help.

Thank you for your membership and your trust.


Michael C. Swalley

President & CEO