Valley Strong branches to open early
--Submitted by Valley Strong Credit Union
March 14, 2020
In the wake of Coronavirus (COVID-19), Valley Strong Credit Union will open some branch locations 30 minutes early in an effort to assist seniors who may have more difficulty conducting their banking.
Beginning Wednesday, March 18 through Tuesday, April 14, Valley Strong will open all Bakersfield and Delano branch locations at 8:30 a.m. In doing this, the Credit Union joins other retailers in recognizing the need to devote more resources to at-risk consumers.
“Members and team members remain our most important asset, and deserve our best efforts during these trying times,” said Valley Strong President/CEO, Steve Renock.
This move also reassures consumers and the community their money is safe with a financially healthy institution. As of Feb. 29, Valley Strong’s net worth stood near 10 percent. Based upon net worth guidelines set by the National Credit Union Administration (NCUA), any financial institution exceeding 7 percent net worth would be considered “well capitalized.”
“We are well positioned financially and federally insured,” added Renock. “That means there’s plenty of cash and services available to serve people’s needs.”
Valley Strong Credit Union operates 10 branches, serving more than 150,000 Members, with approximately $1.8 billion in assets. It remains the largest financial institution headquartered in Kern County.