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 now been extended permanently. 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.
We also 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 2010– (condensed version) Click
here Annual Report
2010– (with Notes to Financial Statements) Click
here
How Your Accounts
Are Federally Insured–Click
here
