Comments on: FDIC and NCUA Revisited http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/ The best Credit Card Debt Blog online Wed, 17 Mar 2010 10:38:55 -0400 http://wordpress.org/?v=abc hourly 1 By: Tim http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/comment-page-1/#comment-13887 Tim Fri, 23 Jan 2009 05:14:18 +0000 http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/#comment-13887 Thanks Kristy. Also, they have different accounts where the NCUA can cover up to $1.5 million. Seems kind of high. It's single and joint account combined. Also, I recruited members from IndyMac to join my C.U. and I was threatened with arrest. I was later given the O.K. to pass out the application, and the guy who threatened me, asked for an application. I'm going to Wells Fargo, B of A and Washington Mutual too, to recruit members. I quote liberal talk show host Thom Hartmann and explain to the potential customers about the: Glass Stegall Act and Grhamm Leech Bliley Act. Boy, there are some, no, a lot of uninformed people Thanks Kristy. Also, they have different accounts where the NCUA can cover up to $1.5 million. Seems kind of high. It’s single and joint account combined. Also, I recruited members from IndyMac to join my C.U. and I was threatened with arrest. I was later given the O.K. to pass out the application, and the guy who threatened me, asked for an application. I’m going to Wells Fargo, B of A and Washington Mutual too, to recruit members. I quote liberal talk show host Thom Hartmann and explain to the potential customers about the: Glass Stegall Act and Grhamm Leech Bliley Act. Boy, there are some, no, a lot of uninformed people

]]> By: Kristy http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/comment-page-1/#comment-13871 Kristy Fri, 23 Jan 2009 03:51:33 +0000 http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/#comment-13871 TIm, Camino FCU was listed on Bankrate...http://www.bankrate.com/brm/safesound/cumm.asp?fedid=2000004633. They're a 4 star which is good. They have quite a large number of assets and deposits on hand with minimal losses. Now, I didn't go through their financial statement, but you may want to glance through and see if they had anything in the subprime mess. By their indicators, if they did, it wasn't much. It still seems to be doing quite well and looks like they made money. They're loss reserve capital is well above average, too! TIm,

Camino FCU was listed on Bankrate…http://www.bankrate.com/brm/safesound/cumm.asp?fedid=2000004633.

They’re a 4 star which is good. They have quite a large number of assets and deposits on hand with minimal losses. Now, I didn’t go through their financial statement, but you may want to glance through and see if they had anything in the subprime mess. By their indicators, if they did, it wasn’t much. It still seems to be doing quite well and looks like they made money. They’re loss reserve capital is well above average, too!

]]> By: TIm http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/comment-page-1/#comment-13775 TIm Thu, 22 Jan 2009 16:13:36 +0000 http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/#comment-13775 I am at Camino FCU in Montebello Ca, I tried to look for them in bankrate.com, but to no avail. Any luck finding them? I am at Camino FCU in Montebello Ca, I tried to look for them in bankrate.com, but to no avail. Any luck finding them?

]]> By: Kristy http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/comment-page-1/#comment-9526 Kristy Thu, 27 Nov 2008 03:05:00 +0000 http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/#comment-9526 @ Jon - Bankrate.com has Pawtucket at 3 stars. They also have a financial statement to look at as well. Your CU actually looks pretty good. It's mid-range on capital, decent profitability, and plenty of liquidity (which is the problem with most banks failing right now). From what I can see, your CU isn't in the sub prime mess so you should be fine. NCUA also bumped up their insurance coverage when the FDIC did, so in that respect you'd be covered if they did fail. Regardless, the CU looks pretty healthy from their last financial statement. @ Jon – Bankrate.com has Pawtucket at 3 stars. They also have a financial statement to look at as well. Your CU actually looks pretty good. It’s mid-range on capital, decent profitability, and plenty of liquidity (which is the problem with most banks failing right now). From what I can see, your CU isn’t in the sub prime mess so you should be fine. NCUA also bumped up their insurance coverage when the FDIC did, so in that respect you’d be covered if they did fail. Regardless, the CU looks pretty healthy from their last financial statement.

]]> By: Jon http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/comment-page-1/#comment-9515 Jon Wed, 26 Nov 2008 21:34:26 +0000 http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/#comment-9515 I am with Pawtucket credit union and wondering how they rate.They are ncua insured but Ido not know if they are diversified or involved heavly in subprime. Thank You Jon I am with Pawtucket credit union and wondering how they rate.They are ncua insured but Ido not know if they are diversified or involved heavly in subprime.
Thank You
Jon

]]> By: Kristy http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/comment-page-1/#comment-7047 Kristy Fri, 03 Oct 2008 02:26:50 +0000 http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/#comment-7047 @ Kim - You're very welcome and I'm glad I could help you! Best of luck! @ Kim – You’re very welcome and I’m glad I could help you! Best of luck!

]]> By: Kim http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/comment-page-1/#comment-7025 Kim Thu, 02 Oct 2008 17:40:18 +0000 http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/#comment-7025 Hi Kristy, Thank you for getting back to me so soon. I really appreciate you checking into & answering my question for me. You helped ease my mind quite a bit. Thanks so much for all your help. Bye, Kim Hi Kristy,

Thank you for getting back to me so soon.

I really appreciate you checking into & answering my question for me. You helped ease my mind quite a bit.

Thanks so much for all your help.

Bye, Kim

]]> By: Kristy http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/comment-page-1/#comment-6971 Kristy Wed, 01 Oct 2008 02:44:28 +0000 http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/#comment-6971 @ Kim - According to bankrate.com, your credit union has been given 4 stars and a 2 for the CAEL, so it should be in good shape. In terms of your money, you are insured up to $100,000 per account styling, so you are covered in the event that your credit union falls under. I don't believe you are at risk for that at this time; however, I have not looked into the public financial records. You can look into that further if you wish, but the CAEL rating basically tells me that your credit union has a balanced portfolio and there's not a lot of high risk at all. @ Kim – According to bankrate.com, your credit union has been given 4 stars and a 2 for the CAEL, so it should be in good shape. In terms of your money, you are insured up to $100,000 per account styling, so you are covered in the event that your credit union falls under. I don’t believe you are at risk for that at this time; however, I have not looked into the public financial records. You can look into that further if you wish, but the CAEL rating basically tells me that your credit union has a balanced portfolio and there’s not a lot of high risk at all.

]]> By: kim http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/comment-page-1/#comment-6960 kim Tue, 30 Sep 2008 20:45:28 +0000 http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/#comment-6960 I'm wondering if Wings Financial Credit Union in MN, Minnesota is doing well? I have no investments with the bank, but I do have about $10,000 in a savings account & standard checking account. Is my money safe? I’m wondering if Wings Financial Credit Union in MN, Minnesota is doing well? I have no investments with the bank, but I do have about $10,000 in a savings account & standard checking account. Is my money safe?

]]> By: Kristy http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/comment-page-1/#comment-6956 Kristy Tue, 30 Sep 2008 16:44:37 +0000 http://masteryourcard.com/blog/2008/07/17/fdic-and-ncua-revisited/#comment-6956 @ Matos - Bankrate.com gives your credit union four stars and a 2 for the CAEL (Capitalization, Asset quality, Earnings, and Liquidity). Five stars is the best rating for Bankrate.com and a 1 is the best rating for the CAEL. You look like you're in a good position. I would recommend that if you keep more than $100,000 in your accounts that you meet with your banker to see about making sure your accounts are covered NCUA insurance-wise, just in case. However, other than that, the company appears to be stable from what I can discern of their public records. Let me know if you have any other questions. @ Matos – Bankrate.com gives your credit union four stars and a 2 for the CAEL (Capitalization, Asset quality, Earnings, and Liquidity). Five stars is the best rating for Bankrate.com and a 1 is the best rating for the CAEL. You look like you’re in a good position. I would recommend that if you keep more than $100,000 in your accounts that you meet with your banker to see about making sure your accounts are covered NCUA insurance-wise, just in case. However, other than that, the company appears to be stable from what I can discern of their public records. Let me know if you have any other questions.

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