To our members impacted by Hurricane Ike
Your Board of Directors have authorized the staff to make special personal loans to our members impacted by Hurricane Ike. Personal loans to qualifying members will have an interest rate of 6.00% with payback terms of up to 36 months. Payment deferrals for existing loans and MasterCard payments are also available.
Call the credit union for additional details
A STATEMENT ON CREDIT UNIONS IN TEXAS FROM DICK ENSWEILER, PRESIDENT AND CEO, TEXAS CREDIT UNION LEAGUE
On Sept. 24, President George W. Bush, in describing the economic crisis in America, brought up the issue of government deposit insurance. It's important for credit union members and the public to know why they can count on the safety and soundness of their credit union.
Credit Unions, which function as not for profit, non market based financial cooperatives, have remained well capitalized nationwide and are in particularly good condition in Texas, even amidst the current economic crisis. Credit unions are owned by the members and are not publicly traded on Wall Street. As such, they remain largely insulated from severe market swings. In addition, members deposits are safe and sound, secured by a federal deposit insurance fund established for credit unions specifically and that fund remains healthy. Deposits are insured up to $100,000, and up to $250,000 for retirement accounts.
ARE MY CREDIT UNION SAVINGS INSURED?
More Credit Union Information
NCUA website for additional information