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Safety and Soundness of YOUR Federal Credit Union
With the many issues from Washington D.C. facing us these days, I wanted to
update you, our member, of how we are affected. When President Bush signed
into law the "Emergency Economic Stabilization Act of 2008" it included an increase
in credit union share deposit insurance from $100,000 to $250,000. The increase
will be through December 31, 2009. Even though many of the media have not included the
credit unions in their announcements of change, the EES Act does include all credit
unions as well.
Your credit union is strong, well capitalized and performing with prudent, conservative
operational processes to meet the regulatory requirements of the National Credit Union
Administration. We have operated now for more than 41 years and have stayed true to our vision
of providing safe, secure products to members. We continue that commitment today and into the
future with confidence of your continued trust and loyalty.
Looking forward,
Judy Kelley, President
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