To our valued members:
As many of you have heard about the recent bank collapse, I wanted to personally reach out to all our members and assure you that your funds are safe in the Credit Union system. Credit unions operate to promote the well-being of their members. Profits made by credit unions are returned to members in the form of reduced fees, higher savings rates and lower loan rates.
Deposits at all credit unions are covered by National Credit Union Share Insurance Fund (NCUSIF) protection. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.
Federally insured credit unions offer a safe place for you to save your money, with deposits insured up to at least $250,000 per individual depositor. The National Credit Union Administration (NCUA) is the independent agency that administers the NCUSIF. Like the FDIC's Deposit Insurance Fund, the NCUSIF is a federal insurance fund backed by the full faith and credit of the United States government.
If you have any questions or concerns, please feel free to reach out to us at 603-625-9032.
Thank you for your membership & continued loyalty!
Philip Fontaine, Jr.
President/CEO