CREDIT UNION CONNECTION
NEWSLETTER OF NATIONAL EMPLOYEES FEDERAL CREDIT UNION
SPRING/SUMMER 2023
“WHERE PEOPLE ARE WORTH MORE THAN MONEY”
“The very first Easter taught us this: that life never ends and love never dies”
75TH ANNUAL MEETING
Join us on Thursday, May 4, 2023, for the 75th
annual meeting of National Employees Federal
Credit Union. This year’s meeting will be held
at Fincastle Country Club 1000 Country Club Drive Bluefield, Virginia. A buffet dinner will be provided, starting at 6:00 p.m.
A business meeting will follow, where you will be able to review the 2022 performance of your credit union. It is also an opportunity to ask questions and learn more about the credit union’s financial position and goals. There will be drawings for cash prizes!
Dinner is $15 for members and $20 for all other
guests. Be sure to complete the enclosed
reservation by April 24, 2023, and mail it along
with your payment to: National Employees
Federal Credit Union P.O. Box 1755 Bluefield,
WV 24701. We hope to see you there!
IF YOU DO NOT HAVE A RESERVATION,
THERE WILL NOT BE AVAILABLE SEATING. (ALL RESERVATIONS WILL BE MANAGED BY THE CREDIT UNION! FINCASTLE WILL NOT TAKE DIRECT RESERVATIONS!)
CREDIT UNION DEPOSITS ARE SAFE
The collapse of Silicon Valley Bank a few months ago is the second largest failure of a financial institution in U.S. history. The bank was shut down and put under the control of the FDIC following a 48-hour bank run and capital crisis. On March 12, regulators also shut down Signature Bank. While this situation does not include any credit union failure, it may still create consumer concerns and questions at credit unions. This is an opportunity to reassure credit union members about the safety and soundness of credit union deposits, remind them of the credit union difference as member-owned financial cooperatives, and provide some peace of mind during uncertainty.
Here are some points to help your credit union team address any questions or concerns you may encounter from members.
As a credit union member at National Employees Federal Credit Union, you are an owner of our not-for-profit financial cooperative. Credit unions’ first priority is your financial success, and we focus on financial security. National Employees Federal Credit Union was chartered 75 years ago, and we are committed to serving our community. You can be assured that your money is safe and sound at our credit union. We have an experienced team to serve you and answer any questions or concerns. Credit union deposits in federally insured credit unions are safe and secure. Federally insured credit unions offer a safe place for credit union members to save money. These deposits are protected by the National Credit Union Share Insurance Fund and insured up to at least $250,000 per individual depositor – the same as any other federally insured financial institution. Credit union members have never lost a penny of insured savings at a federally insured credit union.
You can visit MyCreditUnion.gov for more information about the National Credit Union Share Insurance Fund coverage for consumers.
VACATION LOAN SPECIALS
If you haven’t had a vacation in a while, let the credit union help you out! With the cost of everyday living expenses, you may find yourself a little stretched on cash right now. From April 3, 2023, through July 31, 2023, the credit union is offering vacation loans for $5,000 @ 7% for 60 months. (All loans are subject to credit approval) Keep in mind that the credit union offers vacation club accounts that will help you save for next year. There is no minimum balance required and you can have money deposited into your account by payroll deduction, direct deposit, or by making a cash deposit in the office. This is also a great way to save and take the vacation you deserve.
HOME IMPROVEMENT LOAN SPECIAL
Now is the perfect time of the year for home improvement projects and the credit union wants to help! If you are thinking about a project from replacing your roof to installing a heat pump, make us your first call. All we need is an up-to-date loan application, proof of your income, and a copy of your estimate or receipts. Loans are processed quickly, so you can add to your home’s value in no time.
From April 3, 2023, through June 30, 2023, the credit union is offering home improvement loans for $20,000 @ 7%. (All loans are subject to credit approval)
INVEST WITH THE CREDIT UNION
Want to have that secure feeling that your money is being taken care of? Invest with a financial institution that has been around for 75 years! Invest your money with the credit union! The credit union offers savings accounts and certificates of deposit.
HOLIDAY CLOSINGS
Memorial Day—Monday, May 29, 2023
Juneteenth—Monday, June 19, 2023
Fourth of July—Tuesday, July 4, 2023
INVEST IN YOUR CREDIT UNION! WE’RE STRONGER & SAFER THAN BANKS!
