Santa Fe, New Mexico, March 20, 2023 – Local financial mainstay Del Norte Credit Union (DNCU) is reassuring the community that financial industry concerns do not affect the organization.
“As you may have heard, Silicon Valley Bank and Signature Bank were closed by regulators last Friday, March 10th. You can rest assured and be confident that Del Norte Credit Union is financially safe and sound and not impacted by this,” stated DNCU President/CEO, Chuck Valenti. DNCU does not have the same business model and is not reliant on start-up tech companies for their deposit base. As a cooperative, DNCU supports the local communities and invests in its members. Our members are our shareholders and we are committed to Improving Lives in our community.”
Independent outside agencies confirm DNCU is financially safe and sound. – DNCU has a solid balance sheet and an excellent capital position, and has earned the highest five-star rating for 76 consecutive quarters from BauerFinancial Inc., the nation’s most well-known independent rating service for banks and credit unions.
Each DNCU member’s account is insured for up to $250,000 by the federal government through the National Credit Union Association (NCUA).
About Del Norte Credit Union
Chartered in 1954, Del Norte Credit Union is a not-for-profit financial cooperative based in New Mexico with a mission of improving lives. DNCU offers a wide variety of products and services designed to make members achieve their financial goals. Today DNCU serves more than 59,000 members throughout New Mexico and the United States.
MEDIA CONTACT: Kim Currie, Chief Marketing Officer | [email protected] | 505-455-5342