Provident, established in 1950 to serve the California Teachers Association now serves more than 94,000 members from over 1200 employer groups. Provident has 19 local branch locations and boasts over 1.7 billion in assets. Provident has earned a reputation for safety and soundness with over 12% in capital reserves well above most competitors. Plus, your savings are insured to $250,000 per membership (with an additional $250,000 per IRA) by the National Credit Union Administration. Credit unions, as not-for-profit financial cooperatives, are fundamentally different from banks in many ways that provide significant benefits to consumers.
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