What does that mean? HHCU is a not-for-profit financial cooperative. Your $5 savings opening deposit buys you one share in the credit union - that makes you an equal owner of this financial institution. The money we earn goes back to our members (people like you), not into the pockets of stockholders like a bank. The traditions of credit unions are near and dear to our hearts; not for profit, but for people.
You can come in or call anytime. We love it!
As a cooperative, we'll look for ways to save you money, any way we can. HHCU representatives are rewarded for finding you the best deal - not on making record profits.
Credit unions have a commitment to give back to the communities they serve, and HHCU is no exception. We're dedicated to making a difference in the lives of our neighbors. Visit our community giving page to learn more.
That's right - we'll pay you cash back when you use your HHCU debit card at participating retailers. It's easy.
Okay, not always, but we offer a variety of eServices that are available 24 hours/day to make things simple and convenient.
The NCUSIF provides all members of federally insured credit unions with $250,000 in coverage for their single ownership accounts. These accounts include regular shares, share drafts (similar to checking), money market accounts, and share certificates. Individuals with account balances totaling $250,000 or less at the same insured credit union are fully insured.
If a person has more than $250,000 at any single credit union, several options are available for additional share insurance coverage because, as discussed in greater detail (click below), the NCUSIF provides separate insurance for other accounts.
Members have full NCUSIF coverage at each federally insured credit union where they are qualified members. While the NCUSIF coverage protects members at all federally insured credit unions from losses on a broad spectrum of savings and share draft products, it does not cover losses on money invested in mutual funds, stocks, bonds, life insurance policies, and annuities offered by affiliated entities.
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We are pleased to inform you that all qualifying deposit accounts* in Hoosier Hills Credit Union are eligible for private deposit insurance from Excess Share Insurance Corporation (ESI) over and above the federal deposit insurance provided by the National Credit Union Administration (NCUA).
First, NCUA's basic federal coverage provides share insurance protection up to $250,000, but accounts may be structured in different ways, such as joint, payable-on-death or IRA accounts, to achieve federal coverage of more than $250,000. For details about federal share insurance, or how to structure your accounts to qualify for greater federal coverage, please check with a Hoosier Hills Credit Union representative or contact the NCUA.
Second, all qualifying deposit accounts* exceeding the maximum level of coverage at Hoosier Hills Credit Union only applies to qualifying deposit accounts* once the account balance exceeds the federal coverage limit.
For more information: