WANT  A  SAFE  PLACE  

TO  STORE  SAVINGS? 

1. Each kind of savings institution has its own kind of savings insurance.  The FDIC insures banks &

savings banks (formerly S&Ls); NCUA insures credit unions only.

2. Both savings insurance funds are “backed by the full faith & credit of the US

Government.”  No member of a federally-insured credit union has ever lost

one penny of insured savings.    

3. The fund that insures banks has had many demands on it of late. 

Many made/invested in too many sub-prime mortgages.  Little or no money down, 

failure to verify income.

                The funds that insure banks & S&Ls usually have to help out a few troubled institutions at

once. Recently, however, they have had to shore up the savings accounts of several large banks

at once.

                Why don’t the media broadcast the good news about credit unions?   We’re safe—and we

have money to lend.

4. Credit unions operate more cautiously.  By and large:

·         Most CUs offer fixed-rate mortgage loans.  Cal Feminist’s mobile home loan rates are fixed.  

Our borrowers’ sizable down payments and good credit ratings give them 2 reasons to continue

paying their loans as agreed.

·         Cal Feminist requires verification of income as well as savings to fall back on in case of a

reduction in income. 

·         Many credit unions keep the mortgage loans they make instead of selling them to Fannie Mae

and Freddy Mac.  They have to be more careful.  We do not sell our loans.  Cal Feminist borrowers

make their payments to us.

·         The largest credit unions’ CEOs earn down-to-earth compensation averaging in the low 6 figures.  

5. “Get it from the horse’s mouth”:  have questions about how the National Credit Union Share

Insurance Fund protects savings accounts at credit unions?  Ask the experts.  1-800-755-1030 x1

Mon through Fri. 8a.m. – 6 p.m. (EDT).  Or check out the “Share Insurance Tool Kit” at

NCUA.gov/ShareInsurance/ndex.htm.

6. To transfer non-emergency funds, write checks to “Cal Feminist FCU”; mail them to our PO Box

 or set up a payroll deduction or automatic “payment” from your checking account. 

                For funds you need to access more quickly, find a full-service CU near you:  call the Credit

Union League (trade association) in your area or state.  California & Nevada : 

1-800-472-1702. 

    Or see FindACreditUnion.com