" British Airways Employees Federal Credit Union is a secure financial institution committed to meeting the evolving needs of members by providing outstanding financial products and services using advanced technology with personal, professional and friendly service within the highest standards of integrity."
SAFETY IN CREDIT UNIONS
With all this concern in the Financial Industry, we are being asked more frequently “Is my money safe at the Credit Union?” Like many things, the complete answer is “Yes, but it depends”.
Every day it’s another surprise. Fannie Mae, Freddie Mac, Lehman Bros., Merrill Lynch, AIG, WAMU, Wachovia, Bank of America, etc. These are names that one would never have thought would be involved in Financial Distress. The events of the past month have shaken the confidence of everyone. Most people are anxiously seeking a “safe haven”.
Well, there is one type of Financial Institution that remains stable, sound, and welcoming to members, that is Credit Unions. Your British Airways Employees Federal Credit Union is financially strong, and is not burdened by the major “Sub Prime Mortgage” issues facing several Institutions. So if you are looking for a great place to place your money, please call us to find out the many services we offer to our Members.
We also want to make sure our Members, with significant savings here, do understand the level of Insurance that is provided to you. As of now, all Individual Accounts are insured up to a limit of $250,000. But there are a number of additional levels you can seek by rearranging accounts in to a multitude of supplemental arrangements. These can be as simple as opening up Joint Accounts, Trusts, POD accounts, IRA accounts, etc.
So if you have any concerns, please feel free to call us and we will review your accounts to ensure you have maximized the level of Security you seek.
And thank you for your confidence in us. We have been here for the past 57 years, and we plan to be here whenever you need us.
The Board of Directors
British Airways EFCU