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
Government.” No member of a federally-insured credit union has ever lost
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
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
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
· 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
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
Or see FindACreditUnion.com