With everyone's concerns about the current economic state, I wanted to take a moment of your time and make you aware of Purina Credit Union’s safety and soundness.

• Our assets are federally insured by the National Credit Union Administration (NCUA) the strongest federal insurance agency in the country.
• Not one penny of insured savings has ever been lost by a member of a federally insured Credit Union.
• Credit Unions, including Purina Credit Union, focus on Members not profits. We remain a safe haven in this economic storm.
• Credit Unions lend responsibly – we have a more conservative approach to lending and most Credit Unions hold onto about 70% of their mortgages instead of selling them to Fannie Mae & Freddie Mac. Purina Credit Union has never sold our mortgages portfolio.
• As Member-owned cooperatives, Credit Union balance sheets are not affected by the whims of the stock market.
• Purina Credit Union has $42,635,604 in assets, with Capital/Equity at $4,466,637. This equates to a Capital/Equity ratio of 10.48%, well above the 7% which our regulator defines as “well capitalized.” Purina Credit Union has sound business practices, more than adequate insurance on your accounts, and is ready to serve your financial needs.
• While other lenders are tightening restrictions and cutting back on lending – we are continuing to offer loans and are increasing our marketing efforts to get the word out to our Members that we are here to help!

And on a final note, Credit Unions are here to stay. Purina Credit Union was founded in 1933 to provide a safe, secure place for Members to save and borrow. We’re proud that 75 years later we are still a Member-owned and operated financial institution.

If you have any concerns please feel free to call us at (314) 982-2888 or (877) 342-5728 and speak with a Member Services Representative about your insured accounts.

Jeff Schroth, President/CEO
Purina Credit Union

For more information on the strength & safety of Credit Unions, please visit the Credit Union National Association (CUNA) - "America's Credit Unions - Strong and Secure" webpage.

Watch a video from CNN-Money on why Credit Unions are a safe haven.