PLCU Is Financially Secure

Recent financial news may have you wondering about the safety and soundness of your financial relationship.  You are already well positioned by being a PLCU member.  We can assure you that PLCU is in a sound financial position and your money is secure with us.

Funds deposited with PLCU are insured by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States Government.  The NCUSIF is managed by NCUA.  Most share accounts are federally insured to at least $250,000, with retirement accounts (IRAs) being insured separately up to $250,000*.  You may have additional coverage on multiple accounts based on different account ownership.

For additional information, click on Your Credit Union insured funds, or visit the NCUA website.

The safety and soundness of our members' financial well-being is a top priority for the Board of Directors and Management of PLCU.  We are proud to be a trusted source of financial information for our members and we appreciate the opportunity to serve your financial needs.

PLCU, which is celebrating its 60th anniversary this year, has assets of more than $470 million and serves more than 51,000 members.

* The legislation authorizing the increase in deposit insurance coverage limits makes the change effective October 3, 2008, through December 31, 2009