HARRISBURG, Pa. — With the current state of the economy, some credit unions have noted an increase in concern from members about the safety and security of their accounts.

The Pennsylvania Credit Union Association urged credit unions in a newsletter to take every opportunity to inform members that their share and savings accounts are insured by the National Credit Union Share Insurance Fund.

"At times of financial uncertainty people have more of a focus on putting money where it's safe and secure and in federally insured financial institutions," said NCUA Director of Public and Congressional Affairs John McKechnie.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.