"If there's a calm in the economic storm, it may be credit unions, whose [members] are sleeping through the night," reported Susan Lisovicz of CNN.

With all the turmoil affecting the financial services industry, rest assured that Transportation Federal Credit Union remains financially sound and is here to meet all of your financial needs. Our capital ratio as of August 31, 2008 is 14.47%. This ratio is more than twice the level that National Credit Union Association (NCUA) requires to be considered “well capitalized”.

TFCU steered clear of high risk mortgage lending and purchasing investments that were tied to those products. Our conservative business model has enabled us to remain well capitalized and profitable. This means we have adequate funds for our members to borrow and can continue to offer competitive rates and a secure place for you to save.

As many of the funding avenues evaporate, making it difficult for consumers to obtain reasonably priced credit, TFCU is here to meet your borrowing needs at low rates. Whether you are looking to purchase or refinance a home, get equity out of your home, finance a vehicle or need a loan to help you through a rough period, talk to us to see how we can help.

With the uncertainty in the banking industry and the turbulence in the stock market, consumers may also be looking for a “safe haven” in which to put their savings dollars. Look no further than the safety of your credit union. We offer a variety of savings options such as money market, share certificate and IRA accounts and can assist you in maximizing coverage on your deposits.

Share accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount (SMSIA), $250,000 as of October 3, 2008. The Emergency Economic Stabilization Act of 2008 increased the insurance coverage on all accounts up to $250,000 until December 31, 2009. IRAs are insured separately to $250,000. TFCU members have the added benefit of additional coverage of up to $250,000 through Excess Share Insurance, a licensed insurance company.

Jeff Arvai
Transportation Federal Credit Union - your trusted financial partner since 1939.

Click here to learn more about how your funds are insured