Safety and Soundness Resources for Credit Unions and MVFCU
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Your savings are federally insured to $250,000 and backed by the full faith of the United States Government. Click Here!
Your Federally Insured Funds at MVFCU
To determine how best to structure your MVFCU accounts to maximize your NCUA insurance coverage, Click Here!
Wall Street Journal article
Credit unions are also weathering the subprime crisis better than some larger banks. "Credit unions didn't play the, 'Hey, there's more profit to be had by loosening our [lending] standards,' " says Daniel Penrod, industry analyst with California Credit Union League in Rancho Cucamonga, Calif. "Because we're member-owned, any dollar that's lost is a dollar of the membership's money, not some faceless shareholder, [so] they don't take the risk."
To read full Wall Street Journal article, Click Here!
World Council of Credit Union article
Sarbanes, who was introduced by CUNA & Affiliates president and CEO Dan Mica, himself a former Florida legislator, supported Crear's assessment, noting that credit unions' transparency and accountability can serve as lessons to other financial service providers. The former Maryland senator also had a strong response to Crear's "state of the credit union movement" address, including examples of credit unions in post-conflict environments like Afghanistan, where employees put themselves at physical risk to serve members.
To read the full World Council of Credit Unions article Click Here!