Your credit union...safe
and financially sound
Federal Credit Unions are regulated by the National Credit Union Administration (NCUA). The temporary increase of the NCUA Share insurance from $100,000 to $250,000 on covered accounts has been extended through December 31, 2013. We are proud to report that the 2009 NCUA examination has rated us “fundamentally sound and capable of withstanding business fluctuations” with sufficient reserves to meet our needs during difficult economic times.
The Board of Directors reviews the Credit Union’s financial health on a monthly basis, and makes adjustments as needed to ensure its safety and stability. We have not engaged in some of the risky lending practices that have led to trouble at other institutions. To better serve our members, we did not urge people to take real estate loans beyond their financial means.
As 2010 begins, however, we understand that some members are facing difficulties. If you are having concerns about repaying a loan, we cannot stress enough the importance of communicating your financial concerns to us. Together, we can work to help you find a solution and achieve your financial goal with dignity.
Annual
Report 2008– (condensed version) Click here
Annual Report
2008– (with Notes to Financial Statements) Click here
April 2009 Update– Click here
How Your Accounts
Are Federally Insured– Click
here
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