You all have heard lots of stories regarding the sub-prime loans and the institutions that have had massive losses from this type of lending.  

YOUR CREDIT UNION DID NOT DO ANY OF THOSE LOANS. 

We did not loosen our lending standards to make loans that in the long-term were detrimental to our members and the credit union.  Our goal is to improve the financial well being of our member / owners.  We make loans that benefit our member by charging our member-only interest rate and minimizing our fee structure to not overburden the process.  We strive to make each program pay for itself and therefore, do not cross-subsidize programs with fees from other programs.

Another key point is our share insurance.  Each account is insured up to $100,000 by the NCUA.  IRA accounts are separately insured to $250,000. Members may have coverage above that level by structuring their accounts with joint ownership and trust account arrangements.  Please ask any staff member for a brochure explaining  the insurance coverage’s available, or visit the NCUA site to obtain a copy in pdf format:

http://www.ncua.gov/NewsPublications/Publications/PDF/brochures/insured_funds/funds.pdf

You may want to restructure your accounts to maximize the amount of insurance that is available to you through NCUA for your credit union accounts  and the FDIC for any bank accounts.

Our credit union has been given a 5 star rating by an independent company for many years as well as maintaining 11% capital.  Credit unions are only required to have 7% capital, so we have lots put aside for a rainy day. 

Our financial information is available through the NCUA website listed below.