We know that a lot of people are feeling uneasy about a number of things during these uncertain times. Patriot Federal Credit Union wants to assure you that one thing you shouldn’t worry about is the money you have saved and placed in our trust at the credit union. You’ll always have access to your accounts, but we also want you and your savings to be safe.
Here are a few reasons to leave your money in your account:
- Your money is insured when it’s in the credit union. Patriot Federal Credit Union’s accounts are federally insured by the National Credit Union Administration up to $250,000 per account holder. Members of federally insured credit unions have not lost one penny of insured deposits in the entire history of credit unions!
- No risk of losing the money. With your money in your account, you always know exactly where it is. During these times, resist the temptation to withdraw and personally store large sums of cash – it could be lost or stolen.
- Money is covered in germs and bacteria. According to “Dirty Money Project”, scientific research conducted by New York University, up to 3,000 different kinds of bacteria can live on a $1 bill. Although health officials have indicated that the risk of transferring the COVID-19 virus person-to-person through the use of money (bank notes) is small, our service representatives are wearing protective gloves. As added precaution, use your debit or credit cards, which can be cleaned with sanitized or disinfection wipes. And Patriot credit cards also have the contactless payment option – Just look for the contactless symbol at any checkout terminal, tap your card on it and you’re good to go!
During this trying time, we want to make sure you’re protected. Don’t forget to check out ways that you can manage your accounts from home. Please, keep yourself and the money you’ve worked so hard to earn safe.