Excess Share Insurance
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 (NCUA). 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 of $250,000 — a total of up to $500,000. 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!
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.