With everyone's concerns about the current economic state, I wanted to take a moment of your time and make you aware of Members Trust Federal Credit Union’s safety and soundness.

• Our assets are federally insured by the National Credit Union Administration (NCUA) the strongest federal insurance agency in the country.

 

• Not one penny of insured savings has ever been lost by a member of a federally insured credit union.

 

• Credit Unions, including Members Trust Federal Credit Union, focus on members not profits.  We remain a safe haven in this economic storm.

 

• Credit Unions lend responsibly – we have a more conservative approach to lending and most credit unions hold onto about 70% of their mortgages instead of selling them to Fannie Mae & Freddie Mac.  Members Trust Federal Credit Union has never sold our mortgage portfolio.

 

• As member-owned cooperatives, Credit Union balance sheets are not affected by the whims of the stock market.

 

• Members Trust Federal Credit Union has nearly $16M in assets, with Capital/Equity at $3,026,178.  This equates to a Capital/Equity ratio of 18.58%, well above the 7%, which our regulators defines as “well capitalized.”  Members Trust Federal Credit Union has sound business practices, more than adequate insurance on your accounts, and is ready to serve your financial needs.

 

• While other lenders are tightening restrictions and cutting back on lending – we are continuing to offer loans and are increasing our marketing efforts to get the word out to our members that we are here to help!

And on a final note, Credit Unions are here to stay.   Please note that Members Trust Federal Credit Union celebrated its 45th anniversary in 2008. 

If you have any concerns please feel free to call us at 513.765.6075 or 800.769.8934 and speak with a Member Service Representative about your insured accounts.

Todd Cain

President

Members Trust Federal Credit Union