The NCUA Has Increased Your Share Insurance up to at
least $250,000.00


A Message from our CEO

Dear Member:

In this highly volatile economic market, I want to assure you that Greater Alliance FCU continues to be strong, stable and well capitalized. We have always managed your credit union in a conservative manner and pride ourselves in solid lending and investment practices. We have no exposure to the sub-prime mortgage decline and have always utilized comprehensive risk analysis when investing. Consequently, we have not realized any impact from the recent market fluctuations. We are a conservatively managed Credit Union focused on safe/sound business practices and here to serve our membership.

Lastly, there has been much press about the increase in the Federal Deposit Insurance fund. Your funds are insured by the National Credit Union Administration which recently increased the basic share coverage to at least $250,000, ($500,000 for a joint account). You can find details of the insurance limits, which can be significantly higher, on our website.

I thank our members for their continued confidence and support and I look forward to helping all our members with their financial needs.

Sincerely,


Pat McGrath
President/CEO
Greater Alliance Federal Credit Union