Amidst the Economic Storm, Mission Federal Credit Union Provides Stable and Secure Safe Harbor for Members.Second-Largest Credit Union in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Calif. Experiences Exponential Growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear. among Members SAN DIEGO -- Not all financial news is negative these days. Although the Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, region is in a time of financial uncertainty and some of the nation's largest financial institutions report record losses, Mission Federal Credit Union remains safe, secure and committed to members and the residents of San Diego County. Mission Federal Credit Union, the second largest credit union in San Diego County, boasts a capital ratio of 10.6%, which is well above the 7.00% required by the National Credit Union Association (NCUA NCUA National Credit Union Administration (US government) NCUA Nbcs Control Unit Atm ). This high level of capital ratio means that Mission Federal Credit Union is prepared to withstand unforeseen economic circumstances in the market. The institution's healthy financial reserves, combined with their improvements in day-to-day operations, make Mission Federal Credit Union the financial institution of choice for more than 130,000 San Diego County residents who are members. Mission Federal Credit Union members have access to competitive loans, insured savings accounts Savings Account A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates. Notes: , investment opportunities, and insurance products and services. These valuable services, provided by a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , combined with exceptional attention to customer needs, has resulted in unprecedented and record-setting growth over the last year. The recent increase in NCUA insurance coverage, from $100,000 to $250,000 per account, provides members with an additional layer of comfort and security. Even during challenging times, Mission Federal Credit Union continues to give back to the San Diego community, pledging financial and in-kind support to organizations like the Alzheimer's Association The Alzheimer's Association, incorportated on April 10, 1980 as the Alzheimer’s Disease and Related Disorders Association, Inc., is a non-profit American voluntary health organization which focuses on care, support and research for Alzheimer's disease. , Art Walk San Diego, and The Classroom of the Future Foundation to name just a few. Mission Federal also provides community support in the areas of financial education, college preparation and "Mission to Succeed" financial scholarships for local high school students. To learn more about Mission Federal Credit Union's products, services, and commitment to the community, please visit their web site at www.missionfed.org or call (800) 500-6328. |
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