After Stock Market Drop, Yakima Valley Credit Union Reassures Customers
YAKIMA, Wash. -- The Yakima Valley Credit Union has released a statement saying the current economic downturn will have little effect on the company and its customers.
YVCU advisors said the credit union does not participate in sub-prime mortgage lending and that is a big reason why they are safe. Advisors added that credit unions are safer in general because they are a non-profit business that does not have stockholders.
The YVCU currently holds about $26 million in member capital and $250 million in total assets. The credit union insures a customers savings up to $100,000.
To contact the Yakima Valley Credit Union with questions, call (509) 248-1720.