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STCU: As strong as its members

5 reasons STCU is one of the strongest credit unions around

Not one penny of insured savings has ever been lost by a member of any federally insured credit union. More important to you, STCU is one of the strongest credit unions, financially speaking, in the United States!

That doesn't mean we can dodge every recession, but we work hard to prepare the credit union in advance to weather good times and bad.

Like you, we carefully watch our budget to ensure that we're generate more revenue than expenses each month, while maintaining a sizable reserve for a rainy day.

Here are five reasons STCU is one of the strongest credit unions around. To learn more, we invite you to review our latest quarterly financial results, examining it with the help of the "Guide to STCU financials":

1. We're not-for-profit and member owned. As a financial cooperative, the only capital -- money that can be loaned or invested -- we have comes from member deposits. That eliminates pressure from shareholders to take unnecessary risks for the sake of profits. Plus, STCU stays focused with the help of our elected board of local, volunteer directors and supervisors. 

2. We lend conservatively. In 2006, some members complained that our lending practices were too strict. But by 2008, they were thankful STCU had chosen the road less traveled to avoid dangerous subprime mortgages and other risky loans. Since that time, STCU has welcomed thousands of new members fleeing troubled banks for a safe harbor.

3. Our delinquent loan ratio is below the national average. The strength of our loan portfolio is a reflection of our members' outstanding credit quality. By working closely with members to ensure they have a means of repayment, we avoid the cost of heavy loan losses. We even operate a department devoted exclusively to helping members recover financially.

4. We maintain a healthy reserve. Federal regulators require a minimum reserve for banks and credit unions to stay in business. We exceed that significantly, so even if the economy falters, we have ample funds available to members and to cover business losses.

5. Your deposits are federally insured. Your STCU accounts are backed by the full faith and credit of the U.S. Treasury. Deposits up to $250,000 are insured by the National Credit Union Share Insurance Fund, which is managed by the National Credit Union Administration, a federal agency.