Share Insurance
We are pleased to inform you that your depository accounts in HealthCare Associates Credit Union are insured up to $500,000. This exceptional level of coverage is attained through a combination of federal insurance provided by the National Credit Union Administration (NCUA) and private insurance from Excess Share Insurance Corporation (ESI).
National Credit Union Administration (NCUA) Share Insurance
-
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
-
Independent U.S. Government agency that regulates, charters and insures the nation's federal credit unions
-
Credit Union shares are insured by the National Credit Union Share Insurance Fund (NCUSIF)
-
Not one penny of insured savings has ever been lost by a member of a federally insured credit union
-
The fund is currently at the strongest and best reserved level in its history
-
Individual Retirement Accounts (IRAs) are insured separately from regular share accounts to $250,000
Excess Share Insurance
All individual share savings, share draft checking, and share certificates of deposit accounts held by the same member are added together and insured up to the $250,000 by the NCUA and an additional $250,000 by ESI, for a total of $500,000. An individual share account is an account owned by one individual without the right of withdrawal by others. Individual accounts are insured separately from IRA and joint accounts.
All joint accounts held by the same member are added together and insured up to the $250,000 by the NCUA and an additional $250,000 by ESI, for a total of $500,000. Joint accounts are insured separately from individual and IRA accounts.
All IRA accounts held by the same member are added together and insured up to the $250,000 by the NCUA and an additional $250,000 by ESI, for a total of $500,000. IRA accounts are insured separately from individual and joint accounts.
Regulations
State of Illinois Community Reinvestment Notice
The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation once the Department completes our first evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department. We will update this notice when our first evaluation has been issued.
Equal Housing Opportunity
We do Business in Accordance With the Fair Housing Act
UNDER THE FEDERAL FAIR HOUSING ACT, IT IS ILLEGAL TO DISCRIMINATE AGAINST ANY PERSON BECAUSE OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, HANDICAP, FAMILIAL STATUS (HAVING CHILDREN UNDER THE AGE OF 18)
-
Deny a loan for the purpose of purchasing, constructing, improving, repairing or maintaining a dwelling, or deny any loan secured by a dwelling; or
-
Discriminate in fixing the amount, interest rate, duration, application procedures, or other terms or conditions of such a loan, or in appraising property
IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:
Assistant Secretary for Fair Housing and Equal Opportunity
Department of Housing & Urban Development
Washington, DC 20410
For processing under the Federal Fair Housing Act
and to:
National Credit Union Administration
Office of Consumer Protection
Alexandria, VA 22314-3428
For processing under NCUA Regulations
UNDER THE EQUAL CREDIT OPPORTUNITY ACT, IT IS ILLEGAL TO DISCRIMINATE IN ANY CREDIT TRANSACTION:
-
On the basis of race, color, national origin, religion, sex, marital status, or age,
-
Because income is from public assistance, or
-
Because a right was exercised under the Consumer Credit Protection Act
IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:
National Credit Union Administration
Office of Consumer Protection
Alexandria, VA 22314-3428
NCUA 1582 (Revised 2/2012)
