setrthin.blogg.se - Safe credit union interest rates

Your money is protected with us no matter what’s happening on Wall Street or with the economy. Credit unions are also subject to very strict regulations limiting permissible investments. Financial regulators thoroughly review credit union practices to ensure proper management, and to maintain the safety and soundness of members’ money.

All New York Credit Unions are regularly examined.

Check the security of your funds with the NCUA Share Insurance Calculator or contact the NCUA Consumer Assistance Center. No one has ever lost a single penny of insured share deposits within the credit union system. This works much like banks FDIC insurance.

Your money is insured. All New York credit unions offer a safe place for members to save their money and all deposits up to $250,000 per individual depositor are protected and insured by the National Credit Union Share Insurance Fund.

Your peace of mind is our top priority and that’s why we’re sharing what keeps your savings safe at Northern:

We remain strong and secure, and your money is safe with us. We understand the impact of current market conditions and the concerns any bank closure raises. The short answer is absolutely, but it’s natural to want to feel in total control of your hard-earned savings, especially during times of uncertainty. With the recent news of Silicon Valley Bank and Signature Bank closing their doors, a lot of people are asking if their money is safe at banks and credit unions.

How Safe Is My Money At The Credit Union?