Stacks of coins

Financial Msg to Members

A Message from our chief financial officer 3-14-23

As the CFO of your credit union, I want to share with you how your credit union is situated financially. We have a solid foundation of net-worth on our balance sheet and we have structured our investments to provide ample liquidity and cash to meet your withdrawal and loan needs. I encourage you to check out our financials. You’ll find that your money is safe and secure. If financials aren’t your thing, always remember that your deposits are fully federally insured up to $250,000 by the National Credit Union Administration.

As you have seen, the federal reserve has been increasing the prime interest rate. Although this is their attempt to reduce inflation and balance the economy, it allows us the opportunity to pay you higher dividends on your CDs while still keeping our loan rates as low as possible. Our goal is always to serve you and meet all of your financials needs and we have structured ourselves to provide you exceptional financial services, member service, and most importantly financial security. We appreciate each and every one of you and look forward to many more great years of serving your financial needs.


James Coulter
Chief Financial Officer
Bayer Heritage Federal Credit Union