It’s unsettling to see major swings in the stock market or to observe heated exchanges among political leaders about the best financial course for the country.  Turmoil in the economy has many consumers feeling lost at sea.  It’s understandable that you might be concerned.

You can be reassured on one point, and that’s the security and stability of your credit union and your accounts here.  Your Coosa Pines FCU deposits are always federally insured to at least $250,000, backed by the National Credit Union Administration (NCUA).  And because we've been stable and secure for so long, we can also offer an additional $250,000 share insurance through Excess Share Insurance, Inc.  Deposit insurance protects your money in credit union Share savings, Share Draft/ checking, Money Market share, Share Certificate, and Individual Retirement (IRA) accounts.

In addition, our strong capital position -- a safety net of undivided earnings and other reserves -- helps us weather setbacks.  And we keep an allowance for loan losses that provides an additional buffer in case a few members can’t repay their loans.  Further strengthening the credit union, federal and/ or state regulators routinely examine our business practices to make sure we’re observing safe and sound operations.

If you’re concerned about your personal finances, a Coosa Pines professional can help, too.  Whether you’d like to review current loans to see about refinancing at better terms, or learn more about savings accounts that will help you attain your goals, we’re here to help.  Coosa Pines FCU has already helped many members during the economic downturn.

Because Coosa Pines is a financial cooperative, owned by you and other members, you are the beneficiary of lower rates on loans and higher yields on savings.  National studies show that credit union member households, on average, are about $154 a year ahead of other consumers.

Our credit union is strong when its members are strong.  Together, we can make port safely, even when the economy is in rough seas.