|Your money is in one of America's credit unions, it is in one of the safest financial instituions around. That's because our first concern has always been the well-being of our members, not stockholders. We have never engaged in high-risk loans that would jeopardize the safety and soundness of our institution. We actually have higher capital than the average bank."
The reason is simple ... credit unions are cooperatives, owned by the members that use them. Their board of directors are members which makes them keenly aware of the importance of acting in a prudent manner when enacting policies. Credit unions set their pricing and product offerings based on what's best for the members and the health of their organizations. Plus all accounts are insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government, with additional coverage for IRAs. Find out more by visiting NCUA and the Credit Union National Association (CUNA). The NCUA has set up a Call Center operating from 8: a.m to 6:30 p.m. experts are available to answer any questions about the coverage provided by NCUA share insurance. The toll free number is 1-800-755-1030.