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Important news!!!
Potomac Federal Credit Union, and is authorized by the
National Credit Union Administration to
serve individuals who live work or worship in Allegany County, Maryland as well as Mineral County, West
Virginia.
Our credit union is a cooperative financial institution, owned and
controlled by the people who use its services. These people are our
members. We also serve Municipal, County, and State employees, and their families
and relatives, living in Allegany County, Maryland as well as those in
Mineral County, West Virginia. These are
groups that share something in common, such as where they work, live, or
go to church. Our credit unions is not-for-profit, and exists to provide
a safe, convenient place for our members to save money and to get loans
at reasonable rates.
Credit unions, like other financial institutions, are closely
regulated. And they operate in a very prudent manner. The National
Credit Union Share Insurance Fund, administered by the
National Credit Union Administration, an agency of the federal
government, insures deposits of credit union members at more than 11,000
federal and state-chartered credit unions nationwide. Deposits are
insured up to $100,000.
What makes our credit union different from a bank or savings & loan?
Like our credit unions, these financial institutions accept deposits and
make loans--but unlike us, they are in business to make a profit. Banks
and savings & loans are owned by groups of stockholders whose interests
include earning a healthy return on their investments.
Read
more...
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