IndyMac Bank Goes Into FDIC Conservatorship

KVCCU Staff — Sat, 12 Jul 2008 20:26:00 +0000

There has been much in the news about the failure of IndyMac Bank. IndyMac is the lastest, and largest, financial institution to collapse under the weight of the U.S. mortgage crisis. This may be disconcerting news to some of you and cause you to wonder about the saftey of your funds on deposit at KVCCU.

First of all, KVCCU is as strong and secure as it has ever been. KVCCU never played the high-risk mortgage game that many other financial institutions played.

Secondly, like IndyMac depositors are protected by FDIC insurance, KVCCU members are covered by the National Credit Union Association Share Insurance Fund. For 99% of you, rest easy…100% of your deposits are covered. If you carry balances with KVCCU over $100,000, we encourage you to talk with us about protecting those funds. There are ways through joint ownership and use of retirement accounts to increase your insurance coverage. Click here to go to the NCUA Share Insurance Estimator to get an understanding of how your deposits are protected.

KVCCU’s Great 2008!

Credit Union Staff — Thu, 10 Apr 2008 20:02:11 +0000

Now Available - Quicken / Quickbooks downloads

Back-to-School Bash - Friday, September 5th

It’s Here! - CU*EasyPay (online bill payment)

CU Newsletters

Credit Union Staff — Thu, 03 Apr 2008 17:59:02 +0000

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Kensington Valley Community Credit Union

IndyMac Bank Goes Into FDIC Conservatorship

KVCCU’s Great 2008!

CU Newsletters