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Your NCUA Insured Funds |
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As Congress work its way through the profound and complex questions to rescue the financial markets I say, “Isn’t It Great To Be A Credit Union Member”. Your funds are safe at GPO. Why? The concept behind your credit union is our core value, a union of people saving and extending credit to each other. We serve Main Street not Wall Street. CNN recently stated; “Credit Unions are an island of calm for consumers in today’s economic storm.” I am, again, pleased to report that your credit union continues to have a banner year. As of August 2008, assets have increased $11 million, savings $9.6 million and loans $9 million. Our annualized capital growth exceeds 11%. Our return on average assets is a very positive 1.12%. GPO’s membership continues to grow at a rate 4 ½ times our peer group at 763 net new members. The National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA), insures your shares in GPO. The NCUSIF is backed by the full faith and credit of the United States government. Read the information below to help you understand your share insurance coverage. Please use the links to the left to
lean more about your insured funds. And remember to turn
to us for all your financial needs, because at GPO we’re always
focused on what matters. |
Additional NCUA Insurance Information Your Share Insurance Explained |
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©2010 GPO Federal Credit Union |