Alden SVB Statement
We understand that recent events at Silicon Valley Bank may have caused some concern about the safety of your Alden accounts.
At Alden Credit Union, we prioritize the safety of your deposits. Your deposits at Alden Credit Union are safe in their entirety unlike some financial institutions. Alden is a member of The National Credit Union Association (NCUA). This means your deposits are NCUA insured up to $250,000 per depositor. Alden is also a member of the Massachusetts Share Insurance Corporation (MSIC) which MSIC fully insures excess shares and deposits above the federal insurance limit of $250,000. Not all Depository Institutions provide this excess deposit coverage. At Alden we want to make sure we are providing deposit protection and peace of mind you deserve.
Alden will always take the safety and security of your funds seriously. Please feel free to reach out to us if you have any further questions or concerns. We are always here to help.
Thank you for choosing Alden for your banking and lending needs.
The Alden Team