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Credit Union
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From the desk of Jim Sullivan, President of
Local 606 FCU Dear Member: With growing apprehension
and low consumer confidence in the current market economy, we want you to know that Local 606 FCU is a very strong Credit
Union, with assets over $5.5 million. We’ve all heard the
latest news regarding the explicit Federal guarantee of Fannie Mae and Freddie Mac.
The two mammoth government sponsored mortgage companies own or guarantee $5.2 trillion in U.S. home mortgages. And the closure of Indy Mac Bank recently by the federal regulator, Office of Thrift
Supervision, has also made the headlines as of late. Rest assured Local 606 FCU
hasn’t been making the risky types of mortgages that have caused concerns for other financial institutions, such as
Indy Mac. Your assets are safe with Local 606 FCU. In light of this recent
news we thought you might have some questions or concerns regarding how Local 606 FCU federally insures your money. Here are some quick points of reference: We hope these resources
serve to answer any questions or concerns, and we hope this information reassures you that even in rough economic times, you
can feel confident entrusting us to safeguard your hard-earned savings. Should
you have any questions or concerns please feel free to call us directly at 407-896-4733 or visit the office. Sincerely, James M. Sullivan, Jr. President Got grandkids?
Give
them the best, a Local 606 FCU savings account. By opening a savings account today you can get started on a lifetime of savings
habits. We have competitive rates and it only takes $50 to get them started. Stop by today to pick up a packet or call 407-896-4733
to have one mailed to you. |
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