Keesler Federal on Strong Financial Footing
Keesler Federal Credit Union has served our members for over 75 years. In light of the recent bank failures, we want to assure each of you that your money is safe and accessible, and as a financial institution, we are fiscally very strong.
We are different from the ‘high-risk’ banks that have failed recently. As one of the largest credit unions in the southeast with over $4 billion in assets, we are considered ‘well-capitalized’ from a regulatory standard with 13% capital – almost double the 7% regulatory requirement. Your credit union has a well-diversified deposit base and abundant liquidity, as opposed to largely concentrated deposits catering to a specific industry.
We thank you for your loyalty and look forward to continuing to serve your financial needs.
Yours in service,
Sam Sohi, CFA
Chief Financial Officer