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News & Announcements
SAFE, SOUND and SECURE!
We would like to reassure you, our members, that Greenwich Municipal Employees FCU remains strong, safe and secure.
Your funds are federally insured by the National Credit Union Share Insurance Fund, a division of the National Credit Union Administration that regulates credit unions. The insurance fund is backed by the full faith and credit of the United States government.
The Emergency Economic Stabilization Act was approved by the government last week. Perhaps the most significant item for credit unions in the legislation is the increase in deposit insurance coverage to $250,000.00. Detailed information about NCUA insurance is available on the NCUA website, www.ncua.gov.
(The increase, according to legislation will be temporary: in effect through December 31, 2009. Prior insurance coverage was up to $100,000.00).
Our lending practices continue to be responsible and the availability of funds for qualified loans remains high.
