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Important Letter from DVA FCU CEO about Credit Union Safety and Soundness.
Letter from CEO: NCUA Regulators Place Two Corporate Credit Unions into Conservatorship
National Credit Union Share Insurance Fund (NCUSIF) Corporate FAQ
Concerned about your money?
Use your Credit Union!
Quick facts
- Your money is federally insured up to at least $250,000 through the National Credit Union Association.
- On October 3, 2008, NCUA federal share insurance temporarily increased from at least $100,000 to at least $250,000 through December 31, 2009.
- Credit unions have not participated in sub-prime mortgage loans.
- Credit unions are regulated and have strict requirements.
- When you use your credit union you get higher savings rates and lower rates on loans. Last year consumers saved $10.9 billion by using credit unions rather than banks.
See below for some articles that explain the safety and security you get when you use your credit union.
NCUA Share Insurance FAQ
America's Credit Unions: Secure, Strong
Credit Union Federal Insurance Protection Strong At Mid-Year
Credit unions help young adults save
Need more information? If you have questions about how your funds are federally protected through the NCUA Insurance Fund, contact the NCUA Insurance Call Center at 1-800-755-1030, ext. 1. It operates Monday through Friday, 8:00 am - 6:30 pm eastern time.
Looking for general member education? Click on the links below on the subject you'd like to learn more about!
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