Your Shares Are Insured
It goes without saying that the daily news reports on the economy can be distressing. We thought it to be a good time to remind you that safeguarding your hard-earned money is of critical importance at Port City Federal Credit Union. That is why your credit union has federal share insurance, administered by the National Credit Union Administration (NCUA). The NCUA is the federal government agency that charters and supervises federal credit unions. NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF). Backed by the full faith and credit of the U.S. Government, NCUSIF protects aggregate balances, per individual, up to $100,000 in savings, certificates and checking accounts. Individual Retirement Accounts (IRA's) are insured separately up to $250,000. A joint account, defined as an account owned by two or more people who have equal rights to withdraw from the account, affords higher limits of coverage. For example, a two-person joint account has $200,000 in coverage. There are also expanded coverage limits applicable to Trust Accounts.
As a federally insured credit union, Port City Federal Credit Union proudly posts the official NCUA Insurance sign in our office and faithfully practices the required high standards of safety and soundness. So rest assured that you can count on us to take good care of your deposits and keep them safe. For more information on NCUA Insurance, click here for the complete pamphlet.
Welcome
In today’s busy world, which offers so many choices, it is nice to know there’s a place where you’re not just a customer – you’re a member. A place that stands out from the rest… your Credit Union.
We hope you will think of this website as our Online Branch. You can view your account, retrieve your statements, apply for a loan, figure out your payment on a new loan, and much more! You can access home banking from this home page, in the upper right corner. Visit often for many of the things you would visit our office for!
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Download a PDF version of our October 2008






