Your savings federally insured up to $250,000 and backed by the full faith and credit of the United States Government.
In recent months, the economic environment has been subject to many challenges. Most noteworthy have been the collapse of the subpime mortgage market and upheavals in certain investment sectors. In spite of these uncertain economic times, members of Patriot Federal Credit Union may rest assured that their credit union is a financially stable safe haven for their funds. PFCU is strongly positioned to continue serving the needs of its members for many years to come.
The National Credit Union Administration (NCUA) is the federal agency that charters and ovesees credit unions. NCUA insures member accounts through the National Credit Union Share Insurance Fund (NCUSIF), established by Congress in 1970. It is through this agency that your savings are insured to at least $250,000; and your IRA retirement accounts are insured separately up to $250,000. NCUSIF insurance is backed by the full faith and credit of the United States government. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.
Patriot Federal Credit Union offers mortgage and refinancing solutions designed to assist everyone, however, PFCU does not participate in subprime lending. The credit union always subscribes to sound underwriting and approval standards. These measures not only help keep your money safe, they help put members into loans they can afford.
Typical PFCU investments carry some form of federal insurance or backing. With the fallout of the subprime mortgage market, it's important to note that PFCU does not hold investments that contain subprime mortgages.
Patriot Federal Credit Union is the 13th largest credit union in Pennsylvania and ranks in the top 5% in assets nationwide.
Since Patriot Federal Credit Union first opened its doors in 1965, members have depended on their credit union to safeguard their funds, deliver quality financial products and services, and provide excellent member service. When you desposit funds in an account at PFCU, you can rely on the fact that your money will be there for you when you need it...safe...secure...protected and "Growing Our Future Together."