Important Message from President/CEO, Ralph Ruiz

At ILWU Credit Union, your deposits are safe, insured, and accessible.

In light of recent bank failures reported in the media, I wanted to reassure our members that ILWU Credit Union is a strong, well-capitalized financial institution and that your money is safe and federally insured.

As a not-for-profit financial cooperative, ILWU Credit Union’s top priority is our members’ financial security and success. Recent bank failures have no connection to credit unions but do emphasize how credit unions differ from banks.

All deposits at federally insured credit unions are protected by the National Credit Union Share Insurance Fund (NCUSIF), a separate fund not associated with the FDIC (Federal Deposit Insurance Corporation) for banks. Credit Union deposits are insured up to $250,000 per individual accountholder, by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the U.S. government. Credit union members have never lost a penny of insured savings at a federally insured credit union. To learn more about how your deposits are federally insured, please visit

As always, thank you for your continued loyalty and support. We look forward to serving the financial needs of you and your family for many years to come.

In Solidarity,

Ralph Ruiz
ILWU Credit Union