Since 1934, Fairfield County Federal Credit Union has been helping members meet their financial needs. FCFCU offers a large variety of Share/Savings Accounts and Loan Products. Our
convenient services, such as Bill Payer, Direct Deposit,
Online Mortgage Approval, Automated Teller Machines, Payroll Deduction, Voice Line (Audio Response System), Loan By Phone and
Personal Computer Banking make it easy to use the
Credit Union wherever you are located. All people who live, work, worship or
attend school in Fairfield County are invited to join.
Think your Deposits Are
Safe? They Are!
your funds are insured
Did you know that your
Fairfield County Federal Credit Union funds are insured? The National Credit
Union Administration (NCUA), a federal government agency, insures each account
up to $250,000 through the National Credit Union Share Insurance Fund (NCUSIF).
Banks and savings institutions are similarly insured by the Federal Deposit
Insurance Corporation (FDIC).
Although the NCUSIF is
comparable to the FDIC in its function, it differs in one important fact: all
federally insured credit unions have made a one-time deposit of 1 percent of
their insured balances into the NCUSIF fund. This is known as "capitalization"
of the fund.
Capitalizing the NCUSIF in
this way has eliminated the need for credit unions to strengthen the fund by
paying costly premiums twice a year. There is no need to "strengthen" the fund.
Itís as strong as it can be. Not only that, the 1 percent deposit is treated as
an asset, whereas premiums are treated as an expense.
The NCUA, which regulates
all credit unions, believes that this capitalization makes the credit union
deposit insurance fund stronger than the FDIC banking fund. In other words, your
credit union deposits are more secure than ever.
Now Get INSTANT
Mortgage Approvals Online 7/24
Your mortgage approval is just 10 questions.
242 Hope Street
Stamford, Connecticut 06906
Phone: (203) 324-2144 Fax (203) 358-4502
federally insured to $250,000.
National Credit Union Administration, a
U.S. Government Agency.
Equal Opportunity Lender - Equal Housing Lender
© Fairfield County Federal Credit Union. All rights reserved.