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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:

  • 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.

  • This fund is backed by the full faith and credit of the US Government.

  • NCUSIF is managed by the NCUA and managed by a 3 person board.

  • 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

  • We assure you that Reliance CU is very  well capitalized and the mortgage crisis will not affect us or your accounts.

  •  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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