Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
INew York TimesI notes CUs federal insurance
NEW YORK (10/2/08)--The New York Times recognized the National Credit Union Share Insurance Fund (NCUSIF), which covers federally insured credit unions and most state-chartered credit unions, in an article Wednesday. “Navigating Troubled Times: Answers for Readers” invited readers to ask the newspaper questions about their finances. A member of Florida Telco CU, Jacksonville, asked the Times if his money is safe at the credit union. Another credit union member asked the newspaper if his shares, share drafts, certificates and deposits were safe in a credit union. The member noted that he has used credit unions for banking “because I like the small-town feel of them.” The newspaper responded: “The National Credit Union Administration (NCUA), is the government agency that supervises federal credit unions. The NCUA runs an insurance fund--the NCUSIF--that is backed by the U.S. government.” The Times also noted that the fund covers individual credit union accounts up to $100,000 and joint accounts up to $200,000. The fund also provides $250,000 coverage for retirement accounts.
Other Resources

RSS





print
News Now LiveWire
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
9 hours ago
.@CUNA , trades unite to urge Congress on #datasecurity action http://t.co/gzmZGX9nfF
12 hours ago
State of Wash. @dficonsumers has expanded its CAMEL ratings to include an "S" for interest-rate sensitivity.
12 hours ago
.@HUDgov tweets: Be sure to tune in tonight to watch @SecretaryCastro on @TheDailyShow with Jon Stewart http://t.co/B1L23NQaoJ
12 hours ago
.@NJCUL Southern Chapter meeting canceled due to the impending snowstorm
13 hours ago