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Home > Mission Fed Credit Union is Safe and Sound

Mission Fed Credit Union
is Safe and Sound

Mission Fed Credit Union has been safe and sound for over 61 years.

For those concerned about the recent news related to bank closures, we know keeping your money safe is top of mind and understand any concerns you may be feeling right now. As your local Credit Union, maintaining trust and protecting our members accounts is always our top priority. We are focused on the safety, security, and service we provide our members through the strong, personal connections we build with our membership and partnerships throughout the San Diego community, as well as our consistent fiscal discipline.

Members can feel confident of what Mission Fed does every day to keep their funds safe and sound:

  • Members money is safe: Funds deposited with Mission Fed Credit Union are protected by the National Credit Union Share Insurance Fund. These credit union deposits are insured to at least $250,000 per individual depositor. Credit union members have never lost a penny of insured savings at a federally insured credit union, and our industry’s deposit insurance fund has the backing of the full faith and credit of the U.S. government. For more information about NCUA Share Insurance Coverage, visit mycreditunion.gov/share-insurance
  • Mission Fed is financially sound: We have been serving the San Diego community for more than 61 years and along with very strong independent audit results, we are a Forbes Best-In-State Credit Union, we have received the highest possible rating of 5 stars from BauerFinancial, the nation’s premier bank and credit union rating firm, and have been awarded the Top 200 Healthiest Credit Unions in America, with the highest health grade of an A+ rating by DepositAccounts.com.
  • Credit Union security: As a not-for-profit financial cooperative, Mission Fed as a credit union is among the most well-capitalized financial institutions, maintaining quality reserves and liquid investments that prioritize safety and soundness for our members. Mission Fed Credit Union is not a business bank and not involved in the cryptocurrency market.

If you have questions about your money and how best to manage your finances, we can help. Please do not hesitate to contact us for assistance. We are here for you 6 days a week (Monday – Friday 7am-7pm, Saturday 8am-4pm) at your local branch, by calling 858.524.2850 or 800.500.6328, or email our Contact Center at [email protected].

We remain safe, sound and committed to standing by our members. We are grateful for the opportunity to serve our members and our San Diego community.