|
Because We Can!
SAFE & SECURE
It has been recently reported in the news that, "rising losses from bad
mortgages and low capital levels are threatening the viability of a small, but
growing, number of U.S. banks."1
We DO NOT DO SUBPRIME MORTGAGES and we are WELL CAPITALIZED. In addition to
not doing subprime mortgages, our first mortgage professionals
are not paid a commission. They only put our members into mortgage products that are
right for their needs and situation. In addition, as of June 30, 2008, our
capital stands at well over 15%; we are only required to be 7% capitalized.
As a matter of fact, we have been recognized for our outstanding financial
performance by
BauerFinancial
Inc., one of the most respected organizations in the
financial industry throughout the country. For the past 18 years, GECU has achieved the 5-star
Superior rating; something only 10% of financial institutions receive (click
here for award image).
And, we have been recognized by the
IDC Financial
Publishing Inc. as achieving the rank of Excellent (click
here for award image). This rank indicates
that we are one of the safest financial institutions in the United States.
 In
addition, we continue to be federally insured.
Click here to continue reading about,"Your
Funds are Safe and Secure" >>>
Thank you for your
continued trust and support in our credit union!
1 Source:
www.usatoday.com,
"Banks at risk of failing almost double since 2006," July 11, 2008,
http://www.usatoday.com/money/industries/banking/2008-07-11-indymac-shut-down_N.htm?csp=DailyBriefing
|
