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 2012 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 2012– (condensed version) Click here
How Your Accounts Are Federally Insured– Click here