Checking Compare Checking Accounts Savings Youth Accounts Money Mint Share Certificates (CDs) IRAs Investments Federally Insured Funds Rates and Fees

FSU Credit Union is Federally Insured

Your FSUCU accounts are Federally insured to at least $250,000 and backed by the full faith and credit of the United States Government via a fund maintained by the U.S. Treasury and administered by the NCUA. Funds may be insured for even more than $250,000, depending on how you establish your accounts. Federal insurance protects your money in share savings, share draft/checking, money market, share certificate, trust, and retirement accounts. NCUA coverage is to credit unions as FDIC, or Federal Deposit Insurance Corporation, coverage is to banks. Both funds are backed by the full faith and credit of the U. S. government. Click here to learn more.

FSU Credit Union is Strong and Secure

We feel that it is important, as a credit union member, that you know that the money of virtually all credit union members is protected by federal insurance -– insurance coverage that is similar to that provided to banks by the Federal Deposit Insurance Corp. (FDIC).

Virtually every credit union across the nation has federal deposit insurance. Just like FDIC insurance at banks, savings are insured to at least $250,000. The federal insurance safety net at credit unions is provided by the National Credit Union Administration (NCUA), a U.S. Government Agency. Additionally, the credit union insurance (just like the FDIC) is backed by the full faith and credit of the United States. In fact, no one with their savings at a federally insured credit union has ever lost a dime of their savings.

There are many reports in the news recently about the fallout from sub prime mortgage loans, the credit crunch and the resulting impact on individuals, financial institutions and our economy. Some members have asked how these challenges affect FSU Credit Union. With the uncertainty in the current economic cycle, you can rest assured that FSU Credit Union remains a safe, sound financial institution.

FACTS

• FSUCU continues to offer a good rate of return for our members.
• FSUCU's Capital Ratio exceeds NCUA minimums standard for soundness.
• The same leaders, both Management and Board of Directors, have been managing FSUCU for the last 10+ years. They are market savvy and administrate the credit union operations in a safe, conservative fashion. They have been and will remain, good stewards of your money.
• FSUCU continues to grow, adding to our financial stability. Members continue to rely on us more than ever for a safe place to invest their money. And you can feel secure that your deposits are safe because they are insured by the National Credit Union Share Insurance Fund (NCUSIF) through the National Credit Union Administration (NCUA).
• FSUCU's strong liquidity position, conservative underwriting guidelines and ample capital reserves position us well to weather the current economic storm.

For more information, please contact us at 877-GO-FSUCU or access the National Credit Union Association's web site at www.ncua.gov and click on share insurance for details on share insurance.

IMPORTANT NOTICE: This credit union participates in a shared branch network with other credit unions and accepts share deposits for members of those other credit unions. While this credit union is federally insured, not all of these other credit unions are federally insured. If you need information on the insurance status of your credit union, please contact your credit union directly.

Links to more information:

America's Credit Unions: Consumer News

"For Better Banking, Check Out a Credit Union" - Wall Street Journal

FSU Credit Union is Safe and Secure