Keeping our members well informed is job one.
Is the news keeping you up late at night?
Tossing and turning (kicking and screaming) is not how we want you to feel about your accounts in the wee hours of the morning. In fact, one of our responsibilities as your trusted financial institution is to keep you well informed and up to date on events affecting the financial industry and our economy.
Sit back, take a deep breath, and let us explain how Xceed Financial is working for you during these tumultuous times to help you rest a little easier.
- Your XFCU savings are now federally insured to at least $250,000 by the NCUA.
On October 3, the U.S. House of Representatives approved the passage of the Emergency Economic Stabilization Act of 2008. As a key component of this economic relief program, the National Credit Union Administration has temporarily increased share insurance protection to $250,000 until December 31, 2009. As a federal credit union, Xceed Financial is backed by the full faith and credit of the U.S. government. No member has ever lost money insured with XFCU. Read more about our share insurance and your coverage here.
- XFCU has no delinquent home loans.
Xceed Financial uses sound operating principals with high prequalification standards during our loan process. And our members understand their obligations. It’s a win-win for you and all XFCU members.
- XFCU is a highly rated credit union.
BauerFinancial, an independent, national rating agency, recently awarded Xceed Financial a four-star rating (“excellent”) out of a possible five stars. Learn more about BauerFinancial’s stringent guidelines here.
- XFCU has a highly respected history.
Xceed Financial has been serving members since 1964. Our recent name change reflects our diverse membership, innovative ideas, state-of-the-art technology, and long-term standing power.
While we can’t be there to personally put that mint on your pillow at night, we thank you very much for your membership and your continued trust in Xceed Financial. We also hope you’ll continue to tell coworkers, friends, and family about our quality services, products, and commitment to you.
Questions? Please stop by your local Xceed Financial Center, call 800.XFCU.222, or visit www.xfcu.org.
What coverage is provided by the NCUSIF?
- Each member account (a combination of share accounts within one membership) is insured up to $250,000.
- Additionally, the NCUSIF insures Traditional and Roth IRAs in the aggregate at each credit union for up to $250,000. KEOGH accounts are also insured separately in the aggregate to $250,000 at each credit union.
