Metro Credit Union documents their leadership position regarding safe consumer investing
Having steered clear of the subprime mess, credit unions are poised for growth
Chelsea, MA — May 22, 2009 – Metro Credit Union, Chelsea, MA-based credit union with offices across Eastern Massachusetts, has made available through their website a document entitled, “Metro Credit Union: Secure and Strong”. In this document, Metro Credit Union illuminates the economic advantages of credit unions and in particular, how Metro Credit Union, by providing excess insurance in Massachusetts, protects their depositors far beyond the protections afforded by other commercial banks and the FDIC. In addition, Metro Credit Union details their capitalization strategies that create a larger capital cushion than do typical commercial banks.
This is good news for consumers everywhere, but particularly for personal banking customers across Massachusetts. Having shaken the banking industry to its core, consumers rightfully are looking for protections from risk exposure across many financial channels. Deborah Spearing, a National Credit Union Administration (NCUA) Insurance Analyst, has been quoted as saying, “Not one penny of insured savings has ever been lost by a member of a federally-insured credit union. In these uncertain economic times, people are looking for a safe, sound place to invest their hard-earned money and a credit union is just that place.” In addition, as a non-profit cooperative financial institution, Metro Credit Union typically offers higher savings rates than banks.
For more information about the safety of deposits at Metro and other advantages of banking at Metro Credit Union, call 877-MY-METRO or visit www.metrocu.org.
About Metro Credit Union
Founded in 1926 and headquartered in Chelsea, Massachusetts, Metro Credit Union is a non-profit, cooperative financial institution, owned and controlled by the people who use and benefit from our products and services. For over 80 years, Metro Credit Union has been providing financial services to communities throughout Massachusetts. As one of the largest credit unions in the state, Metro has over $770 million in assets, more than 120,000 Members, and is the credit union of record for over 1800 companies in Massachusetts and their employees.
As a full-service credit union, Metro offers all of the financial products and delivery innovations of large financial institutions. Metro has nine branches conveniently located in Chelsea, Burlington, Framingham, Lawrence, Peabody, Tewksbury, Swampscott, and Lynn with a tenth to open soon in Boston.
- Contact Information
- Pat Pollard
- SeniorVP, Director of Marketing
- Metro Credit Union
- Contact via E-mail
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