Are My Deposits Safe?

We received such a strong response from members and our blog readers-I just thought I’d share our YouTube post as well. It also states that your deposits are insured through the credit union. To view it, click or paste the link below into your browser:

Mother Knows Best-What Are You Doing to Save Money?

Howdy folks,

It’s me again…Cammie Morrow, your marketer extraordinairre, pinch hitting for the big guy this week, while he’s on vacation. In light of recent posts, I’m not going to go over how your money is safe and secure at the credit union. I have several press releases from the NCUA if you’re interested-you can e-mail me directly at I mean that sincerely, I want you to have that warm and fuzzy feeling about banking with us-because your deposits are insured up to $100,000 AND  we have additional insurance on top of that-called ESI insurance. Please see our last post for more information AND please feel free to contact me, if you have any doubts! I am chock full of facts for you! 

That being said, what I’d really like to know is how are you saving money? With gas and groceries on the rise, if you’re like me, you’re looking for ways to cut costs. As a working mother of two beautiful boys, one 6 and the other just shy of 2, I am now trying to figure out how and where I can cut back, without taking away from our family fun. It has proven to be a challenge.

Are you not going out as much? Are you not buying as much? Have you come up with a plan for back to school shopping? Or, are you…buying in bulk? Or dare I say it, GASP-clipping coupons? Now I have to be serious for a minute here folks. I consider myself a young, hip, early 30-something mom. And I must confess-short of using the big discount card at a grocery store that hangs on my keychain, I have never, ever clipped coupons in my life. That was something my young, still hip 60-something mom did. Her era, not mine. But now, I think, there might be something to that…

Unless you’ve been under a rock the last 10 years or so-coupons are totally convenient for the consumer now. No more waiting patiently for the Sunday paper to arrive…Now stores have them on-line, there’s even entire sites dedicated to coupons and ways to get discounts on the products you love, like! So I admit, I tried it and saved literally, $25 the first week? I couldn’t believe it. Something so small. But it starts to add up, considering my husband and I both drive 25 minutes to work everyday, gas tends to guzzle our paychecks.

So here’s my challenge folks-if you know of some sites out there that offer great deals and discount coupons-post it for others here on-line. Help a friend, help a neighbor, heck with prices these days-help yourself! It’s just another small way we all can save!

And maybe, mom does know best. Sorry, mom!

P.S. It’s been a pleasure talking with you-Al will be back next week!

Is My Deposit Safe at the Credit Union?

Over the past several days and weeks this topic has been heard mentioned many times.  And now with the Office of Thrift Supervision taking over IndyMac Bank in California, more people are wondering just how safe their deposits are.  


The member deposits at all federally chartered credit unions and most state chartered credit union are insured up to $100,000 by the National Credit Union Share Insurance Fund, an agency of the federal government.  This insurance is backed by the full faith and credit of the United States Government just like the FDIC program for banks.  The NCUSIF also insures certain accounts up to $250,000 also just like the FDIC program. 


So are credit union deposits safe?  Yes, within the insured limits and above that – based upon the financial strength of the individual credit union.  And in the case of Hopewell Federal Credit Union, we also provide private insurance via Excess Share Insurance, a Dublin, Ohio based insurance company.  The private insurance provides for an additional $250,000 in insured deposit coverage.  A Hopewell Federal member, with an individual account could be insured up to $350,000 in deposit.  The first $100,000 would be insured by the NCUSIF and the additional $250,000 by ESI.  IRA accounts would qualify for additional coverage. 


In some of my conversations with individuals who know nothing about credit unions, they claim credit unions are high-risk institutions.  That couldn’t be farther from the truth.  Credit unions, as an average, have higher reserves than banks. And Credit unions are member owned so they are not pressured into earning high profits for stockholders. 


The mortgage crisis has created a lot of doubt in the banking system.  I tell you that the credit union system is strong and financially stable.  Credit unions do not make a practice of offering high-risk loans.  Credit unions are not part of the sub-prime mortgage crisis. 


If you have question about the Nation Credit Union Share Insurance Fund, check out their web address at and click on share insurance.


Invest safely at your credit union.



No Relief from Gas Pains?

I wish there was a financial pill one could take to help us all feel better about what we’re paying at the pump. Though, we all know, no such pill exists. What I can tell you is that during this time of financial strife, we can help you get ahead financially.

I encourage you to stop in, call us or even drop us a line on our blog about your specific financially difficulties. As I stated in an earlier post, we are proud to say that we now have a Certified Financial Counselor on staff who can help you sort through your credit crunch crisis, or even just figure out smart ways to SAVE money. Perhaps even create a budget that makes sense for you and your family.

Together, we can accomplish so much. So call in, stop in or drop us a line today.