You Can “Bank” on The Bear for Financial Security
Your Cal Bear accounts are insured up to $250,000

California Bear Credit Union is one of the safest places you can put your money. Cal Bear, like other financial institutions, is closely regulated. Your deposits are federally insured through the National Credit Union Association (NCUA) in the National Credit Union Share Insurance Fund (NCUSIF) up to $250,000 per member account.

In addition, California Bear has added an additional $250,000 in share insurance through American Share Insurance (ASI), the nation's largest private provider of deposit insurance. Please see the credit union for competete details on this additional insurance coverage.

Today, more than ever, members want to feel confident and secure about the financial institutions where they choose to keep their savings.  California Bear is an independently operated, conservatively managed and fiscally sound institution that can offer you the safety, security and “peace of mind” you are looking for in a financial institution.

Though California Bear has experienced a reduction in income and increased loan losses due to the slowing economy, your credit union remains financially sound with a capital ratio of 8.30% as of June 30, 2008. Our capital ratio is still far above the 7.00% that the National Credit Union Administration (NCUA) considers “well capitalized” and the 6.00% capital requirement that the Federal Deposit Insurance Corporation (FDIC) uses for a well capitalized bank.

As a depositor you an be secure in the knowledge that both the FDIC and the NCUA insure up to $250,000 per depositor. However, accounts with different ownership (such as trusts and joint accounts) can be insured separately for up to $250,000 or more as well. In the case where the named beneficiary on the account is a spouse, child, grandchild, parent, brother or sister of the owner, the funds in the accounts are insured for the owner up to $250,000 for each beneficiary. See the example below.

For additional information on insurance coverage of accounts, you can visit the National Credit Union Administration website at www.ncua.gov. On the website you can access the Share Insurance Estimator http://webapps.ncua.gov/ins/ which allows you to estimate your share insurance coverage under certain scenarios and contains detailed explanations on insurance coverage.

Example #2 - Husband, Wife and Child with Insured Accounts Totaling $3,750,000.

Remember, California Bear provides an additional $250,000 in insurance on each of your accounts with private deposit insurance from American Share Insurance (ASI).  California Bear has always made the safety of your funds a priority and we will continue to do so now and in the future.