


Honda Federal Credit Union Branches and Call Center are open for business during Non-Production days.
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Honda FCU REMAINS your SAFE and SOUND Credit Union
It was recently announced in the media that the regulator for credit unions, NCUA (National Credit Union Administration) had placed two large Corporate Credit Unions, U.S. Central and Western Corporate Federal Credit Union, in conservatorship. This was done because these two Corporate Credit Unions, like many other financial institutions, have investment portfolios with a large amount of mortgage backed and asset backed securities that have dramatically decreased in value. The NCUA felt it was necessary to take control of the Corporates to safeguard credit unions such as ourselves who rely on the Corporates for many financial processing operations and member services. The NCUA has also taken the action to bolster the capital in these Corporates by requiring the nearly 8,000 credit unions in the country to contribute to their recapitalization.
The very positive aspect of this action is this is being done without taxpayer assistance. The credit union industry, including Honda Federal Credit Union, is taking care of problems without looking for a handout from the government.
Honda Federal Credit Union wants our membership to know that we continue to operate and serve our members in a very conservative manner, as a financial institution that proudly serves Honda associates and their family members.
Honda Federal Credit Union is a safe and sound financial institution, with strong capital and low loan losses. Our member accounts are insured by the NCUA up to $250,000 and separately IRA’s are insured up to $250,000. We also provide additional private insurance that covers all depositors for an additional $250,000.
For over 30 years, Honda Federal Credit Union has and will continue to run YOUR financial institution in a conservative manner and provide you with the products and services that enhance your financial well-being.
I’d welcome the opportunity to personally answer your questions or concerns. Please feel free to email me at jupdike@hondafcu.org.
Jim Updike, President and CEO, Honda Federal Credit Union
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America's Credit Unions: Secure, Strong
For additional information on Credit Unions and their stability, click here.
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A New Benefit for Honda FCU Members:
BALANCE Financial Fitness Program.
Reach your financial goals. Come visit our new partner that provides Honda FCU members
with financial education and counseling services FREE of charge! Click on BALANCE now…
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7/1/2009 LEAP INTO SUMMER with a great vehicle rate at Honda FCU. For a limited time, you can get a rate as low as 4.75% APR on your next vehicle loan!* And if you finance or refinance with us, you’ll get a chance to win a $100 Honda FCU Visa gift card! Learn more...
6/5/2009 NEW Mobile ATM and Branch Locator Service from Honda FCU!
Now from your cell phone, you can locate the nearest surcharge-free ATM and a Shared Branch by visiting us at www.myhondafcu.mobi on your phone anytime of the day, 24/7!Click here to learn more...
4/17/2009 We've got the perfect gift!
Honda FCU introduces its Visa Gift Card – a great gift giving idea for the holidays, birthdays, graduations, business gifts, or any other gift giving occasion you can think of. See your local branch for purchase details, or click here for more information.
PRESCREEN & OPT-OUT NOTICE
Prescreened offers
of credit are based upon information in your credit report indicating
that you meet certain criteria. These offers are not guaranteed
if you do not meet our criteria (including proving acceptable property
as collateral). If you do not want to receive prescreened offers
of credit from this and other companies, call the consumer-reporting
agency, Equifax toll free at 1-888-567-8688; or write: Equifax Credit
Information Services, Inc., P.O. Box 74024, Atlanta, GA 30374.
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