Your money is safe, secure and guaranteed.
During the Great Depression, it was common for people to hide whatever cash they had under their mattresses or buried in tin cans in their backyards.
With the wild fluctuations in the markets these days, you might be thinking along the same lines. Rest assured. Mills42 safeguards the savings you have on deposit with a double guarantee.
First, the National Credit Union Administration (NCUA) is an independent agency of the U.S. Government that manages the National Credit Union Share Insurance Fund. This fund guarantees individual deposits up to $250,000 per owner, per insured credit union. This is identical to what banks offer to their customers through the Federal Deposit Insurance Corporation (FDIC).
Second, the Massachusetts Share Insurance Corporation (MSIC) guarantees that no portion of share or deposit accounts in participating Massachusetts credit unions are uninsured. In other words, every single dollar exceeding the $250,000 covered by the NCUA is fully protected by the MSIC.
Bottom Line: There is absolutely no risk when you keep your savings here at the credit union. None. Nada. Zero. Zilch.
We know you’ve worked extremely hard to put money into savings—and we’re going to work equally hard to both safeguard it and increase how much you do have in your accounts. And that’s why we give you a number of different savings products to choose from—ensuring your money continues to build from here while it’s on deposit with Mills42.
Not a member yet? We’ll take care of that for you as you’re opening your account or taking out a loan. If you want to get a jump-start, enroll online or just give us a call at 978.328.5100. We’ll be happy to help you build from here.