Meeting Presenter: Andrew Bravomalo, Central Credit Union of FL
You become a member of Central Credit Union of Florida when you purchase five shares ($5.00 par value each) in the credit union. These shares must remain on deposit in your Regular Shares (Savings) to maintain your membership. Our motto "Once a member, always a member" means you can keep your membership in the credit union regardless of where you work or live. Once your membership has been established, you become eligible to use all other services offered by Central Credit Union of Florida.
Your savings in Central Credit Union are insured up to $350,000. This exceptional level of coverage is attained through a combination of federal insurance provided by the National Credit Union Administration (NCUA) up to $100,000 and private insurance by the Excess Share Insurance (ESI) Corporation up to $250,000. In addition, effective April 1, 2006 NCUSIF increased the insurance limit $250,000.00 for retirement account coverage. Additional Information regarding your deposit insurance can be obtained by contacting Member Services.
Central Credit Union has a Business Continuity Plan ready to implement should a disaster occur. Under a Hurricane Watch, the credit union will extend its hours as it is reasonably able to do to serve members. In the event of a Hurricane Warning, the credit union will close. We will reopen as quickly as possible to serve members; however, our primary concern will be the safety of our employees and their families.
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