Statistics And Partners Credit Unions Massachusetts

Have you ever wondered if what you know about Banking services is accurate? Consider the following paragraphs and compare what you know to the latest info on Banking services.


Credit unions have become a major force on the financial landscape of America. Until recently, many members looked to credit unions just for auto loans. Now a much wider range of financial needs is being met, including mortgages, refinancing, credit cards, online bill payments, ATM services, and more. Expansion to underserved parts of the community is having an impact. Credit union employment now exceeds 258, 000!

Credit Unions Massachusetts Statistics

* 2. 3 million People in Massachusetts are already enjoying the benefits of credit union membership. If you are a Massachusetts tenant, you probably qualify for membership either through your employer, civic organization or place of residence.

Credit Unions Massachusetts, A Safe Place to Save,
Manage insurance, regulation, and conservative management.

All credit unions in Massachusetts have their members' deposits insured by the National Credit Sameness Share Insurance Fund ( NCUSIF ). The National Credit Union Administration ( NCUA ) logo that appears on a credit union's door or on its marketing materials tells the consumer that his or her deposits of ongoing to $250, 000 are protected by the full faith and credit of the United States government ( the protection is identical to that provided by FDIC to bank customers ).

Knowledge can give you a real advantage. To make sure you're fully informed about Banking services, keep reading.

Credit unions capitalize this sugar and no taxpayer money has ever been used to support the NCUSIF. This fund is administered by the NCUA which also regulates federally chartered credit unions. In addition to NCUA insurance, Massachusetts state chartered credit unions are esoteric by MSIC, the Massachusetts Credit Union Share Insurance Corporation which provides insurance for deposits over the $250, 000 limit.

What makes an running secure isn't insurance, however.

The combination of regulatory control, prudent superintendence and careful investment make credit unions safe places to retain and invest.

Credit Unions Massachusetts Business Partners

* CUNA Mutual Insurance Group

* Fidelity Information Services ( formerly Certegy )

* CUDL Point - of - Purchase Auto Lending

* CenterOne Financial Services

* Financial Service Centers Usable, Inc.

* CO - OP Financial Services ATM Network Membership

* Winbrook

* Counterfeit Cop
The day will come when you can use something you read about here to have a beneficial impact. Then you'll be glad you took the time to learn more about Banking services.