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A Message from the Manager:

Because PERFCU is a not-for profit financial cooperative owned by our members, we generally have fewer and lower fees.  We can offer better rates because profits are returned to all of our members instead of a select few stockholders.  We take pride in offering superior service and always look for ways to say "yes".  We treat all of our members with respect and truly value your business.  Our loan officers process loans quickly and efficiently.  Because our members  are the reason PERFCU exists, we will always strive to serve you to the best of our ability.  For value, superior service and trusted financial solutions, there is no place like PERFCU.

With the downturn in the market and fallout from the housing and credit industries, there is understandably concern about the safety and soundness of financial institutions.  At Postal Employees Regional Federal Credit Union, we have an obligation to our member/owners to operate a financially sound, safe business, and take the steps necessary to do just that.

PERFCU is financially strong, and maintains reserves and capital that far exceed what our regulators would categorize as highly capitalized.  Beyond our financial strength, your dollars are insured by the National Credit Union Administration and backed by the full faith and credit of the U.S. Government.  The standard amount of coverage was recently raised to $250,000. for individual accounts, however, there are numerous ways to increase that coverage. Please call or visit one of our branches for details. More information can also be found on the NCUA website at www.ncua.gov

PERFCU Money Market accounts are also insured by the NCUA, just like our Checking and Savings accounts. Money market accounts at mutual fund companies and investment firms are typically not insured. Such accounts are often called money market mutual funds.  Many of them are safe, but they are not insured like PERFCU Money Markets.

Our goal is to do what's best for each and every member, and abide by specific criteria for lending and savings practices.  We also are required by law to maintain an adequate capital ratio, and are closely monitored by the governing bodies that regulate our industry. If you are concerned about any aspect of your relationship with PERFCU, I invite you to contact me at 401-726-3895.

In our 78 years of business, PERFCU has weathered many economic downturns and continued to provide top quality service to our members.  We expect the same in 2009 and beyond.

For additional information about the strength of credit unions visit cuna.org

Charlene LaPlante




 

 

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