Your Credit Union- Safe & Sound
Dear valued member,
Despite recent turmoil in the financial industry, your Credit Union remains very strong and is securely capitalized with a net worth ratio well above the level required by the National Credit Union Administration (NCUA).
Your Credit Union has taken the necessary steps to weather this economic storm. We did not participate in sub-prime mortgage lending and, therefore, are not impacted as seriously as many financial institutions in regard to the current housing crisis. The Credit Union has always protected the interests and assets of its member-owners, and we continue to do so by making smart lending choices.
The NCUA insures your deposits up to $250,000 through the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States Government. No federal tax dollars have ever been placed in the credit union financial Fund, and no member has ever lost money insured by the NCUSIF.
We want to assure you that your money is safe with your Credit Union, and we will continue to provide an unmatched financial service experience even through these tough economic times.
Thank you for your membership and, as always, please contact us if you have any questions or concerns.
Sincerely,
Judy Root
President, Bluestone Federal Credit Union
For more information please visit the NCUA website at: http://www.ncua.gov
Jane Bryant Quinn
Your Funds in a Federally Insured Credit Union are Safe
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