Why Your Money is Safe With Bellco
Bellco Credit Union is a community credit union established in 1936, with over 350,000 members and over $7.5 billion in assets. While banks focus on their shareholders and their stock value, Bellco exists to serve our members. As a fiduciary, our members’ best interest is at the forefront of all considerations. As such, our depositors are diverse, geographically distributed (mostly across Colorado), but not concentrated in any single industry or sector. Our asset base is well-diversified, largely secured by collateral, and nationally distributed. We also keep a constant focus on risk management and risk mitigation.
In addition, Bellco’s balance sheet is strong in actual capital and secure in its ability to absorb losses. Its management style has a deliberately low tolerance for undue financial risk. In addition, Bellco maintains several options for liquidity, including considerable access to credit.
Regarding how your deposit accounts at Bellco are insured, the NCUA insurance operates to protect accounts at federally insured credit unions up to $250,000. The $250,000 in coverage applies to each account owner, per insured credit union, for each account ownership category. Members can maximize their insurance coverage by setting up different types of accounts. For more information on NCUA insurance, please review the NCUA Share Insurance Brochure.
The NCUA has prepared an Insurance Toolkit that provides publications and information for consumers regarding NCUA Share Insurance. You can access the toolkit here.
