Safety and Soundness
We take pride in personal service, a complete product line and interest rates that outperform
other financial institutions. Your principal is always protected at the ICU - unlike mutual
funds.
We are not a "takeover candidate", nor are we verging on insolvency - quite the opposite!
- Our capital ratio as of June 2006 is 11.75% compared
to peer average of 11.45%
- We pay a dividend based on a cost of funds which
exceeds peer average by 1.42%.
- We have a 5 star rating - the highest - from Bauer Financial Services.
Other performance ratios and detailed financial information
are available under the Freedom of Information Act. You can access
this data through the NCUA website. Our charter is #67994 -
check
us out!
We are the oldest community credit union in the United States. Chartered in 1910, we have kept our doors open through the Great Depression, and successive recessions. Management has been with the credit union for over 40 and 20 years respectively. Our business is totally focused on what is in the best interest of our members.
Under Massachusetts Law, all funds are insured in full.
Primary deposit insurance is provided for the first $100,000
by the National Credit Union Administration (NCUA).
Excess funds are insured by the Massachusetts Share Insurance
Corporation (MSIC). You can
obtain information about primary coverage and how to hold title
to your funds by visiting the NCUA
website (requires Adobe
Acrobat).
