UPDATED: An Important Message Regarding Share Insurance
10/10/08
Christopher M. Owen, CEO, Meriwest Credit Union | A message to members from Christopher Owen, CEO:
What to do in today's economy? Why not consider Meriwest Credit Union.
Today's consumer is expecting change and accountability. Credit unions were formed as agents of change. At our best we bring this reality to our members and communities every day. At Meriwest, we're not subject to the market-driven expectations for growth and earnings performance. There are no creative first mortgages, no risky investments, no special interest groups and no shareholders except for you, our member.
Throughout the nation's financial crisis, Meriwest Credit Union has continued to do what we have always done - be accountable to our members through safe and sound management, offer competitive savings options, and fair loan rates.
The recent passage of the Emergency Economic Act temporarily raised the deposit insurance coverage for banks and credit unions to $250,000. That means your deposit accounts at Meriwest, covered through the National Credit Union Administration, are now insured up to $250,000. In addition, to the NCUA coverage, we provide up to an additional $100,000 coverage of share insurance on share certificates 1 year and greater in term.
We believe in guaranteed returns and accountability to our members. So in these times of big bail outs for big failures, Meriwest is here and our doors are open for you.
Accountability. Security. Change for the better.
Christopher M. Owen
CEO
Meriwest Credit Union
If you have a question about any of your insurance coverage or would like to speak to our representatives about how to maximize your insurance coverage, we are happy to review the structure of your accounts. Please visit us at any of our 19 financial centers or call us at 877-MERIWEST (877-637-4937).
Please view the article, How to Maximize Insurance Coverage on Your Accounts, for additional information about Share Insurance Coverage.
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