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YOUR MONEY IS NOT SAFE UNDER A MATTRESS
The recent panic that has
been making the news lately is the “run” on banks and the
mortgage crisis. As your credit union and a valued shareholder,
we would like to assure you that your money is safe and secure
at Reliance Credit Union.
In “Light” of the recent
news and current economy, you may have questions or concerns as
to how Reliance’s insurance works:
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Your
shares are insured by the National Credit Union Share Insurance Fund (NCUSIF), where
not one penny of insured savings has ever been lost by a
member of a federally insured credit union.
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This fund is backed by
the full faith and credit of the US Government.
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NCUSIF is managed by the
NCUA and managed by a 3 person board.
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Each Reliance
share account is federally insured to $250,000 and based on
how the account was set-up, Traditional and Roth IRA’s are
insured up to $250,000
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We assure you that Reliance CU is very well capitalized and the mortgage
crisis will not affect us or your accounts.
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We believe and you can
trust that your share accounts are safer with Reliance credit union then stuffed under your mattress. We do
know that we can guarantee security and a good night’s sleep
to all of our members.
It is the Credit Union
difference. If you need further information, please do not
hesitate to call us at 913-573-9196.
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