All savings accounts are insured by the National Credit Union Administration, commonly referred to as NCUA, is the federal government agency that charters and supervises federal credit unions. NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF). Backed by the full faith and credit of the U.S. government, NCUSIF insures the accounts of millions of account holders in all federal credit unions.
Dormant Accounts--Wake Up Your Accounts
Your credit union is required by law to escheat (give) to the state of New York any funds from member accounts that have been dormant after (5) five years.
"Dormant" means: No activity (deposits or withdrawal) or no written correspondence during the preceding (5) five years, so If your account is dormant, please make a small deposit or a small withdrawal. This will reactivate your account!
If you have more than one account under one name any activity on any one of those account keeps all accounts active.
Questions? Call 561-4510 or email us at email@example.com!