Public Service Announcement
Released: Friday, September 2, 2005
Savings of Account Holders Affected
by Hurricane Katrina are Insured
If you are a member of a credit union located in the states most affected by Hurricane Katrina – Louisiana or Mississippi - please be assured that your funds are federally insured by the National Credit Union Administration (NCUA).
NCUA insures the share savings accounts of members of 8,871 federally insured credit unions nationwide, including all credit unions headquartered in Louisiana and Mississippi. This insurance is provided by NCUA through the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF is the federal fund created by Congress in 1970 to insure member accounts in credit unions up to the $100,000 federal limit. NCUSIF is backed by the full faith and credit of the U.S. government.
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