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FINANCIAL STRENGTH: SAFE, SOUND & SECURE
PPL GOLD Credit Union is a safe, sound and solid financial institution. Our 72 years of service--guided by a conservative operating philosophy and skillful management team--continue to produce a time-tested loan policy and a strong track record of making sound and conservative investments. Our strong financial stability is also due in large part to you. Our members make good, sound financial decisions. Each time you open a new account, use a credit union service or refer a potential new member, you contribute to the success and future stability of your credit union. We thank you for your continued support and for allowing us to keep your best INTEREST at heart.
Here are some things you should know regarding the safety of your money and the financial security of your credit union:
- You can view our Statement of Financial Condition as of July 31, 2010 by clicking here.
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PPL GOLD Credit Union continues to receive excellent reviews from state and federal regulators. You can view our Bankrate.com Safe and Sound ratings on the financial strength and stability of our credit union at www.bankrate.com.
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PPL GOLD account(s) are always federally insured by the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF is similar to the Federal Deposit Insurance Corporation (FDIC) which insures bank deposits. The NCUSIF is backed by the full faith and credit of the United States Government by the National Credit Union Administration (NCUA). As a recent result of the passage of the Emergency Economic Stabilization Act of 2008, your PPL GOLD accounts are insured up to at least $250,000.
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You can access the NCUA’s Online Share Insurance Tool Kit at www.ncua.gov where you will find a comprehensive explanation of your share insurance provided by the NCUSIF and examples of insurance coverage under the NCUA’s rules. You can also read the informative brochures "How Your Accounts Are Insured" and "Your Insured Funds" by clicking the links below.
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