Important News about Your
Savings Insurance -
NCUA depository insurance
increased to $250,000
for credit union members
Congress recently passed major legislation
referred to as the Emergency Economic Stabilization Act of 2008.
Included
in this law is the increase of depository insurance coverage by the NCUA, a
federal government agency,
from $100,000 to $250,000 for credit union
members.
The increase went into effect immediately and will be in effect until December 31, 2009,
when it will be reviewed again.
While we are all concerned over current economic conditions,
rest assured one
thing you do not have to worry about is the money
in your North Shore Federal
Credit Union account.
If you have any questions or concerns, please do not hesitate to stop in or give us a call.