Board Member Hyland Participates In Radio Interview
December 4, 2008, Alexandria, Va. – National Credit Union Administration Board Member Gigi Hyland recently participated in a Home & Family Finance™ radio program, sponsored by the Credit Union National Association (CUNA). Taped November 12, 2008, the program is hosted by renowned broadcaster Paul Berry. It aired at 3 p.m. EST on Sunday, November 23rd and can be heard on http://www.radioamerica.org/POD_hff.htm or on http://www.cuna.org/initiatives/hff_radio/. The weekly radio show offers helpful information and consumer finance advice from consumer and money experts around the nation.
In the interview, Board Member Hyland focused on recent changes to federal share insurance coverage and how the economy is affecting credit unions.
“Consumers should be aware that if they have accounts at a federally insured credit union, federal insurance coverage has been temporarily increased to $250,000 through December 31, 2009,” noted Board Member Hyland. “Consumers should review their accounts and work with their institutions to ensure they obtain the maximum amount of insurance coverage permitted.”
Board Member Hyland also urged consumers to visit the NCUA Share Insurance Tool Kit located on the NCUA website at www.ncua.gov/shareinsurance. The Share Insurance Tool Kit is comprised of several resources, including an insurance estimator, to help consumers better understand federal share insurance.
The National Credit Union Administration is the independent federal agency that regulates charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of over 88 million account holders in all federal credit unions and the majority of state-chartered credit unions.
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