Is Your Money Safe & Insured?
At Chivaho Federal Credit Union your money is safe and insured up to $250,000!
In the history of credit unions, not one penny of insured savings has ever been lost by a member of a federally-insured credit union. Credit union members can rest assured that their deposits are protected.
Many Ohioans are searching for a light at the end of the tunnel after the recent problems some mortgage and insurance giants are facing. As consumer confidence in the financial services industry begins to waver for many Ohioans, you can be certain that your deposits are secure with a longtime friend – Chivaho Federal Credit Union.
Chivaho is very well capitalized. Capital serves as a buffer against any losses and remains at a historically high level. A credit union must have a capital-to asset ratio of at least 7% in order to be considered "well capitalized" by the regulator. As of June 30, 2010, Chivaho had a capital to asset ratio of 18.96%, which represents over two times the regulatory requirement. Therefore making Chivaho a safeguard for your finances.
Additionally, the funds on deposit at Chivaho FCU are insured by the full faith and credit of the federal government. The National Credit Union Share Insurance Fund (NCUSIF) insures our shares on deposit up to $250,000 and also insures retirement funds up to $250,000.
While the rest of the financial services industry is swimming in controversy, Chivaho Federal Credit Union is truly a safe haven for your money.