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Safety and Stability

Your credit union remains safe, sound, and stable.

Amid the latest news of the closure of Silicon Valley Bank, you might have concerns about the financial condition of San Mateo Credit Union (SMCU). We want to take this opportunity to assure you that SMCU remains safe, highly liquid, and in an excellent financial condition.

SMCU's financials as well as our investments are structured very differently from Silicon Valley Bank. As one of the top performing community financial institutions in the state, we have a solid liquidity position. The results of our annual opinion audit, conducted by an independent certified public accounting firm, concluded that SMCU continues to be financially strong and highly solvent. A copy of our 2021 Annual Report is available for viewing here.

Additionally, Bauer Financial rates SMCU with its highest 5-star rating for financial strength. Our Net Worth ratio of 10.95% well exceeds our regulator NCUA’s standard for “well-capitalized.” We are also positioned with very healthy earnings with a Return on Assets (ROA) ratio of 1.1%, one of the highest in our industry.

We know it’s important for you to have peace of mind about the safety of your deposits. We want to take this time to also remind you of the share coverage available to you as a member of SMCU. To learn more about share coverage, visit

We remain committed as ever to maintaining a strong and healthy financial position that is always in our members' best interest. Thank you for your trust and allowing us to serve your financial needs. 

Federally insured by NCUA.