Your Accounts Are Safe

Provident — Outstanding Financial Strength

Provident is one of the biggest (20th largest credit union in California and 127th largest in the U.S.) and most secure credit unions in the country. We are well positioned to continue assisting our members through any economic storm. Our financial strength is demonstrated by the following:

  • Awarded America's Best Regional Banks and Credit Unions 2025 by Newsweek and Plant-A Insights Group.
  • Rated "A" for financial health and stability by DepositAccounts.com, which evaluates federally insured banks and credit unions based on capitalization, deposit growth, and loan-to-reserve ratios. This impressive accomplishment highlights Provident’s consistency and financial strength.
  • Backed by the strongest federal deposit insurance in the industry through the NCUA (National Credit Union Administration). The NCUSIF (National Credit Union Share Insurance Fund) fully insures all member deposits up to $250,000, with an additional $250,000 insurance for Individual Retirement Accounts.
  • Exceeds federal capital requirements, maintaining over 10% in net worth, well above the NCUA’s "well-capitalized" threshold of 7%. Provident’s continued high levels of capital are a testament to our financial strength and ability to weather any financial storm.
  • 5-Star Rating continuously for over 32 years – earning and maintaining BauerFinancial’s top rating for over three decades, giving Provident the added distinction of "Best of Bauer Credit Union." Read the latest BauerFinancial press release.

Rest assured that your money is safe, sound, and insured with us. Provident continues to operate with the same common-sense, conservative approach we have followed throughout our 75-year history. Please contact us if we can answer any questions or concerns for you.
 

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The National Credit Union Administration (NCUA) charters and supervises federal credit unions and insures savings in federal credit unions and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government.

To better understand this protection, try out the NCUA's Share Insurance Estimator.

No need to apply. All funds that you deposit into Provident Credit Union (to at least $250,000 per member, and up to $250,000 for IRAs) are automatically covered.

Deposit Insurance

All Provident Credit Union deposits are federally insured to at least $250,000 per member (in addition to a separate $250,000 insurance for IRAs) by the National Credit Union Administration (NCUA), a United States Government agency.