Will the Silicon Valley Bank (SVB) collapse affect PPCU? Is my money safe?
 
The recent SVB collapse was an isolated case and has no effect on PPCU (or other credit unions in general). Your money at PPCU is safe. Silicon Valley Bank was a niche bank serving a particular set of customers within the technology industry, including tech start-ups, entrepreneurs, and venture capital firms, which significantly increased its risk profile.
 

Credit Unions on the other hand, including Pacific Postal Credit Union, are not-for-profit financial cooperatives owned by our members and focused on serving those members’ interests, within our communities. We are not subject to big-profit pressures from investors or stockowners (unlike many banks). We are among the most well-capitalized financial institutions, maintaining equity reserves and liquid investments that prioritize needed safety and soundness for their members. You can be confident that PPCU is a safe and sound financial institution. We are very well reserved at over 16% (while SVB and Signature bank were at 7%) and we just finished our external examinations which showed that PPCU is a safe, sound, and stable credit union. 

Furthermore, all deposits at PPCU are protected and federally insured up to $250,000 by the National Credit Union (NCUA) Share Insurance Fund, which has the backing of the full faith and credit of the US government and is a separate fund not associated with the Federal Deposit Insurance Corporation (FDIC) for banks.