Thank you for being a valued member of San Diego County Credit Union. It is a pleasure for us to help you achieve your financial dreams through our sound products and services.

We understand that there has been volatility in the financial industry. We can assure you that SDCCU is in a sound financial position, well capitalized significantly beyond the minimum regulatory requirements and your money is secure with us.

Funds deposited with SDCCU are insured by the National Credit Union Administration (NCUA) and backed by the United States Government. Most share accounts are federally insured up to the Standard Maximum Share Insurance Amount (SMSIA), $250,000. On May 20, 2009, legislation was passed which extends the temporary increase in the NCUA's standard maximum share insurance amount from $100,000 to $250,000 through December 31, 2013. An Individual Retirement Account (IRA) is separately insured up to $250,000. You may have additional coverage on multiple accounts based on different account ownership. Read more about your insured funds and use the NCUA calculator at ncua.gov to estimate your current insurance coverage.

For call related questions regarding your insurance, call the NCUA Insurance Call Center, Monday through Friday, 8:00 a.m. to 6:30 p.m (Eastern Daylight Time). The NCUA Insurance Call Center has insurance experts available to answer questions about the coverage provided by NCUA share insurance. The Insurance Call Center number is (800) 755-1030, ext. 1.

SDCCU is San Diego's largest locally based financial institution with over $4.8 billion in assets. As you will find outlined in the Annual Report, San Diego County Credit Union experienced another strong year in 2008, which allowed us to provide excellent deposit and loan rates to you, our members. Recently, in early 2009, the National Credit Union Administration announced a Corporate Credit Union Stabilization Program in response to economic concerns involving corporate credit unions. For more specific information, please view our 5/1/09 President’s Report Letter as well as our 2008 Annual Report.