Welcome to U.S. Coast Guard Community Credit Union's home page where you'll find up-to-date information about our products and services, rates, promotions, and other activities. This is your place for affordable financial services.

To Our Members:

Members of USCG Community Credit Union,

In light of the problems that you constantly read about in the financial services sector, I am writing to reassure you that your credit union remains a healthy, vibrant, and well-capitalized credit union.

I'm proud to report that the credit union is owned collectively and cooperatively by you, our membership, and is considered among one of the safest financial institutions. Our operating results speak for themselves. Capital reserve levels stand at 9.7% of assets, and considered to be "well capitalized" by Regulatory standards. Our loan asset quality is also strong primarily because we only lend to the people we know--YOU our MEMBERS. USCG Community Credit Union total loan delinquency is less than 1% and our provision for loan losses is under 0.50%.

In addition, deposits at USCG Community Credit Union are insured by American Share Insurance Corporation (ASI) up to $250,000 per account. ASI insures only credit unions and does not insure or hold any mortgage-backed securities that have created the problems that you have read about.

All of this means your money is safe at USCG Community Credit Union. It is safe because we are a Not-For-Profit Cooperative dedicated to serving only our members.

In summary, Your Credit Union has never wavered from doing business in a traditional way and we do not take unnecessary risks. We don't do anything exotic or fancy, and we have never engaged in lending of the sort that has led to the financial problems now being seen across the country. As a result, we remain strong, healthy, and ready to serve.

Thank you for your continued support and trust. Think Outside the Bank--JOIN YOUR CREDIT UNION

Perry McAtee
President/CEO
USCG Community Credit Union