CREDIT UNIONS: SAFE & SOUND

As several recent news events have raised concerns about the health of financial institutions, it’s important to know that your credit union is a fiscally sound, financial cooperative.   As a not-for-profit financial cooperative, we don’t have to look for maximum return and therefore don’t have to take on maximum risk.

Your credit union has never become involved in the sub-prime mortgage market and thus we remain stronger today than we were yesterday.  Your credit union retains over 15% Net Worth, a built in safety net, which the insuring body for credit unions, the National Credit Union Administration, states we exceed “well capitalized” standards.  In fact, FFCU has more than double the amount required by regulation and much higher than most banks. 

FFCU has no “credit crunch.”  We take our members’ deposits and lend them out to our members at the best rates we can, and still give our savers a fair return on their money.  The money we’re lending out is your money, and we make sure we lend it out as safely as possible.  We remain conservative with our lending policies and investment strategies.  Rest assured that your deposits are safe and sound with FFCU.