For Details, Contact:
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National Credit Union
Administration 1775 Duke Street Alexandria, VA 22314-3428 Phone: (703) 518-6330 Web Address: http://www.ncua.gov/ |
FOR IMMEDIATE RELEASE |
NCUA Continues Share Insurance OutreachAlexandria, Va., December 4, 2008 – The National Credit Union Administration has continued its active promotion of the safety of federally insured credit union deposits through a nationwide advertising campaign. “At times of economic difficulty and uncertainty surrounding the financial services system, it is more important than ever for the NCUA and other federal agencies to step forward and remind consumers of the strength and safety of federal deposit insurance. While the crisis that intensified during the summer has been unsettling, it has also served as an opportunity for NCUA to increase our educational efforts. I am gratified that, based on feedback from credit union members and leaders, the advertising campaign has succeeded in enhancing public awareness,” noted NCUA Chairman Michael E. Fryzel. Throughout the past two months NCUA has remained steadfast in its efforts to furnish the public with the information they need regarding share insurance, the following list describes October, November and December initiatives:
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, operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of over 88 million accounts in all federal credit unions and the overwhelming majority of state-chartered credit unions. -NCUA-
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