Navigating Economic Uncertainty: How IAA Credit Union Ensures Stability
The fluctuations in the stock market and the varying viewpoints of influential figures can be unsettling and has left numerous consumers feeling adrift and uncertain. It is completely understandable if you are experiencing concerns or worries during these times.
IAA Credit Union was chartered 72 years ago, and we are committed to serving our members. You can find peace of mind knowing that the utmost security and stability are guaranteed for IAA Credit Union members and your accounts. Rest assured that your funds are always protected and insured for a minimum of $250,000 through the National Credit Union Administration (NCUA), an independent agency of the United States Government. The NCUA ensures comprehensive federal insurance coverage for various account types, including share savings, share draft/checking, money market, share certificate, trust, and retirement accounts.
Moreover, we have taken an extra step to provide additional protection. We have acquired private insurance called Excess Share Insurance (ESI), which offers additional coverage of $250,000 on all accounts. This additional layer of insurance further enhances the security of your funds.
To reinforce the strength of our credit union, our business practices undergo regular examinations conducted by federal and/or state regulators. These examinations ensure that we consistently adhere to safe and sound operations, providing an added layer of confidence and security for our members.
IAA Credit Union offers its members distinct financial advantages, including better loan rates, higher savings rates, and fewer fees compared to traditional banking institutions. According to nationwide studies, credit union member households tend to have an average annual advantage of approximately $225 over other consumers. This demonstrates the tangible benefits that our members enjoy by being part of IAA Credit Union.
