Due to recent events in the banking and mortgage
industries, many members may be wondering if their funds are
safe at Idahy. The simple answer is -- YES! Idahy has been,
and continues to be, prosperous and financially sound.
Many financial institutions are experiencing high losses
due to mounting defaults on their sub prime mortgage loans.
Idahy does not offer sub prime lending, due to the high risk
associated with these types of loans.
Because Idahy members entrust us with their money, we consistently
use responsible and sound lending practices. This allows us
to remain in a healthy financial position and provide competitive
deposit and loan rates to our members.
In addition, our members' deposits are insured by the NCUSIF
(National Credit Union Share Insurance Fund), a federal agency backed
by the full faith and credit of the United States Government.
View
how your shares/savings are insured.
Your
Insured Funds.pdf
