Insurance Services
Your Money Is Safe At USPS FCU!
Have you seen the headlines? Are you worried about the state of the economy? As
a member of USPS FCU, you can be sure your money is completely safe with us.
“We’ve never offered subprime loans so our members are not paying the
consequences for such poor lending decisions. We’re not out to entrap people; we
are here to empower people and make them stronger. We make sure our members get
only loans they can afford. Taking seriously the Credit Union credo “People
Helping People,” we always strive to offer you the very best rates on loans and
savings.” The economy of the United States is currently in a time of great
economic uncertainty. The real estate market is going through some rough times,
the value of the dollar is depreciating, gas prices remain high and taxes have
become a growing issue of concern. These uncertainties equate to financial
challenges for everyone, including you – our members. It’s becoming increasingly
more difficult to get a mortgage and the high gas prices are leaving many with
an empty wallet. During these economic hardships, we understand that our members
are looking for a financial institution where they feel safe and secure when it
comes to investing their hard-earned money. USPS FCU is the perfect place for
our members to find shelter from the storm – your money is safe with us. USPS
FCU is a federal Credit Union, which means that all money you deposit here is
insured up to $250,000 by the National Credit Union Administration (). The NCUA
is a federal agency that charters and supervises federal Credit Unions and
insures savings through the National Credit Union Share Insurance Fund (NCUSIF),
which is backed by the full faith and credit of the United States government. We
also offer our members additional coverage up to $250,000 through Excess Share
Insurance Corporation (ESI).
This benefit covers up to $250,000, in addition to NCUA coverage, and is
provided at no cost to members. If you have any questions regarding the safety
of your money at the Credit Union, please stop by or give us a call. An employee
will be more than happy to answer your questions and explain your insurance
coverage to you. We want you to rest assured that your money is safe with us!
We never did – and never will – make sub-prime loans to our
members. We pride ourselves on responsible lending and would never jeopardize
our members’ financial well-being by such risky practices. Our members can rest
assured that their loans are straightforward, so you know what you’re getting
when borrowing from USPS FCU.
Excess Coverage: The Credit Union Advantage
Great
rates and friendly service are just two good reasons to choose USPS FCU as your
primary financial institution. We'd like to give you another reason — Excess
Share Insurance coverage. A product unique to Credit Unions,
Excess Share Insurance provides an additional $250,000 of protection above the
federal government's limit $100,000– a total of up to $350,000. Even better, the
coverage also protects up to an additional $250,000 over the government’s
$250,000 limit on IRA accounts – a total up to $500,000!
NCUA has increased their limit from $100,000 to $250,000 until December 31,
2013. That gives you a coverage up to $500,000.
This added protection is made available through our affiliation with the Excess
Share Insurance Corporation (ESI),
a licensed property and casualty insurer. ESI's extended coverage offers the
convenience of maintaining all of your savings at one financial institution
without sacrificing insurance protection.
Visit
the NCUA web site.