Message From our CEO on the Financial Sector
Dear Harvard FCU Members,
With some of the shocking news coming out of the banking sector, I thought it was a good time to reiterate the protection you have as a Credit Union member.Credit unions are generally well capitalized and conservatively run institutions, and this has always been the case at Harvard FCU. We maintain equity reserves and investments that prioritize safety and soundness for our members.Importantly, all deposits at Harvard FCU are fully insured without limit. Every account is insured up to $250,000 by the NCUA, our federal regulator, and then every dollar in excess of $250,000 is insured by the MA Credit Union Share Insurance Corporation (MSIC).At Harvard FCU, we understand the faith and trust you put in our organization when you choose to do business here, and we take that responsibility very seriously. In return, we’re proud to provide our members peace of mind, knowing that their hard earned savings are safe, secure, and fully guaranteed.Sincerely,Craig LeonardPresident & CEO