At Sandia Laboratory Federal Credit Union, looking out for our members’ financial well-being has been our top priority for 71 years. Since the beginning of 2020, the Credit Union has grown from $2.6 billion to nearly $2.8 billion in assets. And, according to Chief Financial Officer Matt Helge, SLFCU may reach $3 billion in assets by the end of the year.
Following are some reasons why so many people trust SLFCU as their financial partner.
OUR BALANCE SHEET IS VERY STRONG
SLFCU is weathering the COVID-19 pandemic through prudent spending and smart investments. Our conservatively managed institution continues to maintain a reserve ratio of 11.3%, which is about 4% above the National Credit Union Administration (NCUA) threshold to be considered well capitalized. Additionally, our overall operating expense ratio continues to be very low at just 1.87%. We have $308 million in reserves to cover future events, and we have one of the lowest loan delinquency ratios in the nation.
YOUR SAVINGS ARE FEDERALLY INSURED
Each member’s savings are insured to at least $250,000 by the NCUA, which is backed by the full faith and credit of the United States Government.
SLFCU IS CONSISTENTLY A "FIVE-STAR" CREDIT UNION
For 24 consecutive years, SLFCU has received a five-star superior rating from BauerFinancial. This means our credit union is seen as one of the safest, most secure financial institutions in the country.
Please consider recommending us to a family member or co-worker who is looking for a smart, responsible and safe place to manage their money.
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