Not only is our
credit union sound and stable, but also federally insured by a
fund that is backed by the full faith and credit of the U.S.
government. The National Credit Union Share Insurance Fund* (NCUSIF)
is just like the FDIC for banks. The fund insures member’s
accounts up to at least $250,000 -with higher total cover-age
available if the member has a combination of individual, joint,
trust, POD and other types of ac-counts.
Our capital to
asset ratio is well above NUCUA guidelines for well capitalized
credit unions. We continue to lend responsibly and remain below
industry averages in delinquency and loan loss. A very important
fact to remember is that Tulsa Metro FCU does NOT originate
sub-prime mortgages NOR do we hold sub-prime mortgage
securities.
You can rest easy
knowing that your finances are secure. Tulsa Metro Federal
Credit Union is a safe harbor for member savings.
* The NCUSIF is
administered by the National Credit Union Administration (NCUA),
an agency of the federal government.
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