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Recent headlines about the national economy and uncertainty regarding bank failures have caused concern for our members. However, you can be assured that Box Elder Credit Union is financially stable and your deposits couldn’t be in a safer place.
The mortgage crisis has created a lot of doubt in the banking system. However, credit unions have steered clear of the sub-prime mortgage fiasco. In addition, credit unions, as an average, have higher reserves than banks. And Credit unions are member-owned so they are not pressured into earning high profits for stockholders.
Take comfort in knowing that your deposits insured to at least $100,000 by the National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA which is an agency of the federal government. If you have questions about share insurance, please contact the credit union or visit www.ncua.gov
Box Elder Credit Union has always taken pride in responsible lending and helping members avoid financial situations they can't afford. We’re here today, and we’ll be here tomorrow, as we’ve been since 1954. Scott Webre, CEO
Box Elder Credit Union
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