HARRISBURG, Pa. — Pennsylvania credit unions are being forced toemphasize account safety as a result of the Bear Stearns rescue,the Pennsylvania Credit Union Association observed Friday.
|On its “Life Is a Highway” daily news wire, PCUA said CUs acrossthe state “have noticed a marked increase in questions from membersregarding the safety and soundness of their deposits.”
|As a result, the PCUA urged its members start “posting officialsigns at teller stations; on Web sites; and in newsletters andbrochures” assuring members that their share/savings accounts areNCUA-insured.
|“Credit unions should take every opportunity to inform members”of that fact as well as “not one penny of insured savings has everbeen lost by a member of a federally-insured credit union.”
|The PCUA reminded Pennsylvania CUs that the official NCUAinsured account signage must appear on internet pages.
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