![]() ![]() Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice. National Industry Standards for Home ownership Education and CounselingĪ set of guidelines for quality home ownership and counseling services. The Federal Reserve Bank of Dallas’ Community Development Department supports the Federal Reserve System’s economic growth and financial stability objectives by promoting programs and policies that stabilize neighborhoods, assist small businesses and improve the financial stability of low- and moderate-income households. The FDIC’s Consumer Response Center is responsible for investigating all types of consumer complaints about FDIC-supervised institutions and responding to consumer inquiries about consumer laws and regulations. Phone: 85 Federal Deposit Insurance Corporation (FDIC) The CFPB takes consumer complaints and monitors financial markets for new risks to consumers. The CFPB enforces federal consumer financial laws to protect consumers in the marketplace. Phone: 80 Consumer Financial Protection Bureau (CFPB) The Office of Consumer Credit does not endorse or specifically recommend one resource over another.Ĭonsumer Protection Resources Attorney General of Texasįocus on unfair and deceptive business practices that target seniors, as well as consumer education for seniors and their families. Note: some resources may contain additional links to more resources some resources are free while others may require payment for materials or services provided. The information does not identify every resource or informational site available it does provide a variety of resources to help you develop your financial literacy skills and knowledge. Nor does the information directly relate to our products and/or services terms and conditions.The information shown on this site, and contained within the printable materials, is designed to provide you with information and resources to help you better understand events and choices that impact your personal finances. Information provided should not be relied on or interpreted as legal, tax or financial advice. WeStreet Credit Union makes no representations as to the accuracy, completeness, or specific suitability of any information presented. This article is for educational purposes only. ![]() So many choose to deposit with credit unions because they prefer to work with a financial institution that is focused on serving its members rather than increasing its stock price. Credit unions are owned by the members-your savings account at a credit union is a share of ownership. Which is Safer, a Bank or a Credit Union?Īs long as you are banking at a federally insured institution, whether it is a credit union insured by the NCUA or a bank by the FDIC, your money is equally safe. For complete details about Share Insurance, visit the NCUA website. Since the fund was created, no one at an NCUA member credit union has ever lost a penny of insured savings. Like the FDIC’s Deposit Insurance Fund, the NCUSIF is a federal insurance fund backed by the full faith and credit of the United States government. The fund that the NCUA administers is called the National Credit Union Share Insurance Fund (NCUSIF). To estimate how much your deposits are insured for, you can use the Share Insurance Estimator created by the NCUA. In a similar way, the National Credit Union Administration (NCUA) insures deposits at participating credit unions up to at least $250,000 per individual depositor. The FDIC is a federal institution that was created to ensure that customers don’t lose money if an FDIC member bank fails. ![]() You may have heard that most banks are FDIC-insured. Like most important things in your life, the money you deposit at WeStreet Credit Union is protected by a type of insurance. When things are uncertain, it’s natural to think more about the safety and security of your home, your family, and your finances. “Not one penny of insured savings has ever been lost by a member of a federally insured credit union.” -National Credit Union Administration ![]()
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