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Honda FCU is your SAFE and SOUND Credit Union
Many news reports today are talking about the financial crisis in the United States, and around the world. Not only is there news about Sub-prime mortgages, mortgage default rates, and investment banks failing, but there is also news that the government is shoring up money market accounts.
Honda Federal Credit Union wants our membership to know that we run our institution in a very conservative manner, as a financial institution that proudly serves Honda associates and their family members.
Honda Federal Credit Union is not involved with any sub-prime mortgages, as the funding source of such loans, or as an investor in such loans.
Honda Federal Credit Union fully supports its own money market accounts, and has not invested in any securities to support those funds.
Honda Federal Credit Union is a safe and sound financial institution, with net worth at 8.13% at the end of August 2008, delinquent loans 0.48% of loans outstanding, and net income at 0.91%. Our member accounts are insured by the NCUA up to $100,000 $250,000 (as of 10/3/2008), IRA’s up to $250,000, and we additionally insure member accounts up to $250,000.
Honda Federal Credit Union is proud to serve its members. We will continue to run YOUR institution in a conservative manner, to 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.
As of October 3, 2008, Congress passed and President Bush signed into law the Emergency Economic Stabilization Act, sweeping legislation intended in part to assist the financial industry with troubled real estate loans. A piece of this legislation increased NCUA insurance up to $250,000 per member account. IRA's remain separately insured up to $250,000.
In addition, Honda FCU insures member accounts up to an additional $250,000.
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10/6/2008 Honda FCU is your home loan source from start to finish!So when you are ready to refinance or look for a new home, Honda FCU is here to help you turn that dream into a reality!Click here for details
 9/22/2008 Introducing Honda FCU’s VISA Gift Card!
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.
 9/19/2008 "The Great VISA Giveaway Sept 22 – Oct 24, 2008!”To celebrate Honda FCU reaching $500 Million in Assets, we’ll be giving away Honda FCU VISA Gift Cards worth $50 for 5 weeks. If you’re a member*, you’re already entered to win. See more…
9/15/2008 You have won the opportunity to increase your VISA credit limit with Honda FCU!With Honda FCU’s no-fee line increase, anything is possible. Whether it’s that item you always wanted, a kitchen remodel or just a night out with family and friends, Honda FCU wants to help you make it happen. Apply for the credit limit increase, today! Offer ends 11/14/08.Click here for details
 9/02/2008Take a seat . . . it’s time for a REFI Chitchat Refinance. Go on, say it with us . . . RE-FI-NANCE. It just sounds good. Especially when you could get a jaw-dropping 1/2% off*of your vehicle loan rate. No, you’re not seeing things, and yes, 1/2% off is huge.Click here for more details…
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…
8/19/08 NEW SCAM ALERT!
Members are receiving text messages from CME FCU (Columbus Municipal Employees Federal Credit Union) and other credit unions requesting members to call 614-793-4823, or other numbers, claiming their account information with the credit union has been compromised. THIS MESSAGE IS A SCAM . The number takes you to an automated phone message system that prompts you for personal account information. Please, do not give out any personal information over the telephone, particularly if you
are unfamiliar with the caller.
If you have received any of these types of calls please report them to the Federal Trade Commission
at 877) FTC-HELP.
4/18/2008 18% Off Sprint PCS Service and Nextel Service! Sprint has joined with Honda FCU to offer members 18% off Sprint and Nextel discounts on monthly service to both new and existing Sprint and Nextel customers. The sky is no longer the limit! Click here to learn more...
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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