Downey Federal Credit Union offers the
benefits of credit union membership to the entire
DOWNEY COMMUNITY. If you LIVE, WORK, ATTEND SCHOOL or
WORSHIP in the city of Downey, California, you are invited to join our Credit Union Family.
Credit Union membership is for life even if you move, change jobs or retire. Once a member......always a member. Should you accept our invitation to become a member of Downey Federal Credit Union, your family members are immediately eligible for membership too.
Downey Federal Credit Union is a not-for-profit, financial services
cooperative that is member-owned and controlled through a Board of Directors elected from and by the membership. This
volunteer Board establishes and revises the Credit Union’s policies and sets dividend and loan rates,
providing you with higher yields when you save, and reduced rates when
you borrow.
As a member of Downey Federal Credit Union, you belong to an institution that is unique in the financial world. While we provide many services similar to banks, savings and loans or other financial institutions, we are driven by a philosophy that sets us apart. As a member of Downey Federal Credit Union, you can count on us....for the personalized service you deserve.
Holidays for 2008
| New Year's Day |
January 1 |
| Martin Luther King Jr. Day |
January 21 |
| Presidents Day |
February 18 |
| Memorial Day |
May 26 |
| Independence Day |
July 4 |
| Labor Day |
September 1 |
| Columbus Day |
October 13 |
| Veterans Day |
November 11 |
| Thanksgiving |
November 27 |
| Day after Thanksgiving |
November 28 |
| Christmas |
December 25 |
| New Years Day, 2009 |
January 1 |
Downey Federal Credit Union
8237 Third Street
P.O. Box 4639
Downey, CA 90241-1639
(562) 862-8141
(562) 862-7782 FAX
www.downeyfcu.org
| Office Hours |
9:00 am-4:30 pm Monday-Friday |
| Drive-Up Hours |
8:30 am-5:30 pm Monday-Friday |
DIRECTIONS
Map Quest
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Protecting your savings with the highest level of security
available is one of our major objectives. That is why we combine your
federal deposit insurance coverage with excess deposit insurance
protection from American Share Insurance(ASI), the nation's largest
private insurer.
Your accounts are currently insured to a maximum of $100,000 by the
National Credit Union Administration (NCUA), an agency of the federal
government.
Additionally, your board of directors has chosen to provide up to
an additional $250,000 of savings protection to each qualifying
account through ASI.
ASI's Excess Deposit Coverage applies to any credit union account
currently receiving the maximum level of $100,000 in coverage by NCUA.
ASI's Excess insurance is limited only by the number of
accounts NCUA insures.
For example, if you have two credit union savings accounts, a
regular savings account and IRA, each of these is covered separately
by federal insurance up to $100,000. Each would also be eligible for
ASI's Excess coverage of $250,000. Your account, therefore, would have
a combined total coverage of $700,000.
ASI is a credit union share guaranty fund owned by its member
credit unions. It was founded in 1974 and insures only credit unions.
Operating nationally, the company has taken great care to maximize
the geographic and occupational diversity of its membership. This
diversification, combined with sound insurance principles, offers its
members greater security in times of regional economic downturns.
Excess insurance is available only to qualifying credit unions
meeting rigid underwriting requirements and providing monthly
financial information to ASI, including a list of members qualifying
for this added insurance.
Either the credit union or American Share Insurance can terminate
this Excess Coverage, but in either case, ASI requires that you be
notified of any change in the insurance on your accounts.
If you are unsure about either the nature of the amount of your
savings insurance protection, please contact one of your Member
Service Representatives.
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