With everything that has been happening recently in the financial community, we at CCCU believe it is important to let you know how we are doing. Below is information on the questions most frequently asked by members. If you have additional questions, please do not hesitate to ask them. Most importantly, you can be confident knowing that CCCU is financially healthy, strong, safe and sound.
Yes we are! There hasn't been a better time than now to be a member of CCCU. Cincinnati Central Credit Union has been serving the Greater Cincinnati community since 1937. We are a safe and sound cooperatively owned financial institution with net capital at 11.5%, which exceeds the regulatory definition of a well capitalized credit union at 7% capital. In addition to being financially safe and sound, we are also philosophically safe and sound, staying true to the credit union philosophy of operating in the best interest of our members and always looking for ways to help those in need in our community.
The crisis being faced within the financial industry is a result of the decision by some financial institutions to participate in sub-prime mortgage lending or invest in high risk mortgage backed securities. Being member owned and not-for-profit, our focus has always been on providing our members the best quality products and services rather than chasing large profits to pay investors.
There are several ways to learn more about CCCU. Here on our website you can access and review our certified financial statement, CCCU history, credit union history and more. You can also stop in to one of our branch locations or call us at 513-241-2050 and 1-800-582-7536.
In addition to our great products and services, member accounts at CCCU are insured up to $250,000 each through American Share Insurance (ASI). CCCU members can be confident their deposits are safe and sound while investing in CCCU's dedication to providing quality products and services, and meeting members legitimate borrowing needs.
ASI is a non-federal insurer, owned by credit unions. It maintains a unique perspective by working as a partner with CCCU to ensure that the best interests of you, the member are protected.