Viriva Has Been Supporting its Members' Dreams and Goals for Over 80 Years
When it comes to banking – owning is better! We are a different kind of financial institution. Owned by you and working for you, we help members take control of their finances. Through truth, direction and guidance, we empower members to reach their dreams, whatever they may be.
Is owning a financial institution possible?
Yes! When you join Viriva, you become a shareholder along with all of our other members. It doesn’t matter if you have $5.00 or $500,000 in your account.
Who benefits from profits earned?
Our members! Surplus income gets returned to our members in the form of lower service fees, higher interest rates on deposit accounts, and lower loan rates! We are what’s called a "Not-for-profit financial cooperative." We exist to serve our members, not to make a profit.
Is my deposit safe?
Viriva is financially sound and safe! Deposits are insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA), and are protected by federal deposit insurance. NCUA is an independent agency of the United States government.
Share accounts in federally insured credit unions (such as ours) are insured up to $250,000, similar to the FDIC coverage at banks.
Individual Retirement Accounts (IRAs) are also separately insured up to $250,000. Shares maintained in different legal ownership capacities may also be separately insured – keeping every dollar protected by federal insurance.