To Our Valued Members:
The recent news in the banking industry, related to the closure of a few banks, may have caused some concerns about the safety of your deposits. First and foremost, I want to assure you that your money is safe and secure with Houston Police Credit Union.
These failed banking institutions operated very differently than our credit union, relying heavily on large commercial accounts leading to a risky investment strategy. Here at HPCU, our members are our priority. Our investment strategy focuses on the loans we make to our members, and any other funds are only invested in U.S. government-backed instruments. We look to minimize risk, giving us a stable foundation with assets of over $878 million and a strong net worth.
HPCU recently received the highest safety and soundness rating from our regulator, the National Credit Union Administration (NCUA). This rating confirms our prudent financial management to ensure your funds are secure. In addition to regulating the credit union, the NCUA also federally insures all of HPCU's deposits. The NCUA is sound and secure, and it is quite different from the regulator that U.S. banks use.
HPCU is a not-for-profit financial cooperative that serves over 31,500 Houston Police officers, employees and family members. By choosing to save and protect your money with us, you also play a part in helping other Houston Police officers and family members with their financial needs. If you are looking for a safe place to save your money, your credit union is here to help. Recently we increased our rates on certificate and savings accounts, and we will continue to ensure that we offer a favorable and secure place for you to invest in.
Chairman of the Board of Directors
Houston Police Credit Union