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Strength. Stability. Service.
VolCorp Annual Meeting
VolCorp's Share Guarantee Extended The Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP) has extended the Corporate share guarantee from September 30, 2011 to December 31, 2011. According to NCUA the “TCCUSGP has proven essential to maintaining the confidence of natural person credit unions in the safety of their funds deposited in corporate credit unions.” All shares (excluding membership shares) at VolCorp will be fully guaranteed through December 31, 2011. VolCorp's Membership Capital
You may be hearing news in the next few days about corporate credit unions recording losses that exceed their retained earnings and, therefore,
having to deplete their member’s capital. I just want to reassure you that VolCorp is not in that situation. Even though we will have large
losses associated with our capital accounts at U.S. Central, we do have enough retained earnings to cover the loss and we will not have to
deplete any of your membership capital.
Visit us here... NCUA Corporate Stabilization Program |
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Your savings federally insured to at least $250,000 and |
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