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How do you know what happened at SVB and Signature Bank won’t happen at the Credit Union of Colorado?
The business models of these banks were unique and not representative of credit unions or most banks for that matter. SVB was heavily concentrated in startup companies and venture capital firms with a small number of depositors holding large amounts of cash in the bank. Signature Bank was heavily focused on banking crypto-currency companies.
Credit Union of Colorado has been serving Coloradans for nearly 90 years, since 1934, and was originally founded to serve state employees. Today, we serve more than 150,000 people from all walks of life and have over 2.3 billion dollars in assets.
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