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Virtually All Savings at U.S. Credit Unions Are Protected by Federal Insurance
Fully produced report in MP3 format:
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(58 seconds)
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(OPEN):
THE NATION'S CREDIT UNIONS--THROUGH THEIR TRADE ASSOCIATION, THE
CREDIT UNION NATIONAL ASSOCIATION--OR CUNA [AS IN
"CUE"]--ARE REMINDING AMERICANS THAT THE MONEY OF VIRTUALLY ALL
CREDIT-UNION MEMBERS IS PROTECTED BY FEDERAL INSURANCE AT THEIR CREDIT
UNIONS--AND THAT THE INSURANCE COVERAGE IS SIMILAR TO THAT PROVIDED TO
BANKS BY THE F-D-I-C. CUNA PRESIDENT AND C-E-O,
DAN MICA [AS IN "MIKE"], EXPLAINS...
(MICA):
"IT'S VITAL FOR THE MILLIONS OF CREDIT-UNION
MEMBERS, ACROSS THE NATION, TO KNOW THEIR MONEY IS SAFE AND SOUND.
VIRTUALLY EVERY CREDIT UNION, ACROSS THE NATION, HAS FEDERAL SAVINGS
INSURANCE; LIKE F-D-I-C INSURANCE, SAVINGS ARE INSURED TO, AT LEAST,
A-HUNDRED-THOUSAND DOLLARS. THE FEDERAL-INSURANCE SAFETY-NET AT
CREDIT UNIONS IS PROVIDED BY THE NATIONAL CREDIT UNION ADMINISTRATION--A
U-S GOVERNMENT AGENCY--AND IS BACKED BY THE FULL FAITH AND CREDIT OF THE
UNITED STATES. IN FACT, NO-ONE HAS EVER LOST A PENNY OF FEDERALLY
INSURED SAVINGS IN A CREDIT UNION."
(CLOSE):
FOR MORE INFORMATION, VISIT
"CREDIT-UNION"-DOT-CO-OP.
