Unity Catholic Cash Out- COVID-19 Information

 
 

Unity Catholic Cash Out- COVID-19 Information

It is important that you stay safe during this crisis. Not just physically healthy, but also financially.

Some people are trying to make comparisons to the Great Recession, which was due in part to overextended banks.  The financial system is stronger now due to the changes that have happened since 2008.   Putting cash under your pillow at home is not safe. It’s more prudent to take it as you need it.

The steps we are taking to restrict physical access to our facilities are being done in our efforts to help maintain public health. 

During this time, please keep these things in mind when it comes to your money: 

  1. Our credit union is federally insured by NCUA (National Credit Union Administration) up to $250,000 with an additional $250,000 by ESI (Excess Share Insurance) a licensed insurance company. All deposits are insured up to $500,000. This means that you will not lose a dime of money that is insured. 

  2. You incur more risk if you withdraw your money. Cash is harder to recover if at all in the event of loss, theft, or any other unfortunate circumstance. Keeping your money in the credit union to withdraw as needed is much safer.

  3. The Centers for Disease Control recommends that frequently handled items be cleaned as a way to help ward off the virus. Cash cannot be washed easily and has been handled by many hands.  

  4. With our online services, you are able to monitor your accounts wherever you are. We have many services available for your convenience.

During this time of uncertainty, it’s natural to feel pressure to make quick decisions. We’re here to help you maintain a sense of peace regarding your money. It’s tough to know what is coming, but you can rest assured that we have your best interest in mind and will do anything we can to help you during this time. If you have questions or concerns, please feel free to reach out. We wish good health and financial wellness for you and your loved ones as we navigate this together. 

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