To our members and the Freedom Credit Union community,
With the continued media coverage of the unfortunate events that transpired this past weekend in the banking industry, we wanted to take this opportunity to assure you that your money is safe, and that Freedom Credit Union is financially strong. We have a long history of stability and have been here for you for 100 years through both good and bad times.
The difference between Freedom Credit Union and many banks is that we provide 100% insurance on all deposits. The National Credit Union Administration (NCUA) insures all deposits up to $250,000. In addition, through Massachusetts Share Insurance Corporation (MSIC), all deposits greater than $250,000 at Freedom Credit Union are also fully insured. This dual combination of insurance provides full coverage on all of your deposit accounts.
We want to stress that we are a member-owned local financial institution with strong ties to our community. We are here for you for all of your personal or business needs.
We value your trusted membership and your safety and security are our highest priority. We appreciate your continued loyalty. Please do not hesitate to contact any of our team members at Freedom Credit Union to discuss.
To learn more about how your deposits are insured, please click on the NCUA video below.
Glenn S. Welch
President and Chief Executive Officer