President's Report

At San Jose Credit Union, we strive to Build a Partnership for Life. As a member, you are also our owner. We want all of our members/co-owners to feel fully informed about the strength and stability of our Credit Union. Our plan is to continually seek ways to provide you information and answer your questions. The Presiden'ts Report is part of this plan.

Over the past several months, you’ve likely read newspaper headlines and seen television reports about many financial institutions experiencing difficulties. The problems at some of these banks and mortgage lenders have been so severe, with so many institutions ceasing business operations, the Government has recently signed a “Bailout” bill. While the reality of a deeply troubled mortgage market and economy is being felt by most businesses, SJCU continues to maintain its financial strength and stability. Still, we receive many questions about our Credit Union’s financial health, our share insurance coverage, the types of real estate loans we have originated, and other questions that relate to financial problems befalling many financial institutions.

SJCU is financially sound and stable.
As part of our plan to keep you informed, and assure you of our strength during the current economic times, I have compiled information in the pages listed below. I also recommend you review the Credit Union Difference  to see how Credit Unions differ from banks.

Financial Health Share Insurance

Mortgage Strength Newsletter Articles

Please feel free to contact me directly via email at hcarroll@sjcu.org with additional questions or concerns you might have.