NEWS FLASH:
Your Credit Union is Protecting Your Savings among the Financial Turmoil
|
|
 Miami Firefighters Federal Credit Union stands strong in the current environment while many financial institutions such as Fannie Mae, Freddie Mac, Lehman Brothers, Merrill Lynch, Washington Mutual, AIG Insurance and others are faltering. Unlike others, your Credit Union does not make or own subprime mortgages and only invest in the safest Federally insured financial institutions.
According to Steve Hodapp, Chief Operating Officer of Miami Firefighters Federal Credit Union, for your protection, the Supervisory Committee, in conjunction with the CPA firm Nearman, Maynard and Vallez, performed a certified annual audit. It was their conclusion the financial position of the credit union is accurately stated, and that the accounting procedures are in compliance with accepted accounting practices. Also, Federal Examiners from the National Credit Union Administration, a U.S. Government Agency, conducted their detailed annual examination last week. The report by the Federal Examiners concurs with the CPA's report that the assets and interest of the members are properly safeguarded, and that the financial position of your Credit Union is sound.
Additionally, Miami Firefighters Federal Credit Union has earned a 5-star Superior rating from BauerFinancial, Inc., the nation's leading independent credit union rating and research firm. The 5-Star rating is based on the overall financial picture of the institution and indicates Miami Firefighters Federal Credit Union is one of the strongest credit unions in the nation. What's more, this represents the 18th consecutive year that this Credit Union has earned this highest honor. Institutions like Miami Firefighters Federal Credit Union, that have achieved and sustained a 5-Star rating for such a long time, have yet another claim. They are "Sustained Superiority Credit Unions". Fewer than 10% of the nation's credit unions can claim this distinction.
"In a climate where it is increasingly difficult to shine, Miami Firefighters Federal Credit Union proves it can be done," remarks Karen Dorway, president of BauerFinancial. "In fact, members should be proud that their Credit Union is one of the elite financial institutions in the nation. Members can rest assured their deposits are well-placed in this 5-Star Credit Union. Read BauerFinancial's complete report, our CEO's letter and about how your accounts are Federally insured.
If you have any questions, please contact Grant Sheehan, CEO; Steve Hodapp, Chief Operating Officer; or Teri Sadler in the Compliance Department.
For security you can trust, depend on Miami Firefighters Federal Credit Union.
|
