Is My Family’s Money Safe at APGFCU and Are You Still Making Loans?

Don Lewis

A Response From Don Lewis, President / CEO

These are two questions I am hearing from some members and friends of APGFCU in the wake of the current upheaval in the nation’s financial markets.

These concerns are totally understandable as the impact of this turmoil trickles down to our own neighborhoods and families in the form of higher prices, mounting bills, and the erosion of investments intended for college education, home purchases, or retirement.

In a word, the answer to both questions is YES! How can I say that with such confidence?

• As an APGFCU member, you are experiencing the “credit union difference.” Yes, we are a financial institution but we are owned by you – the member-owners. At APGFCU, our focus has always been on Building Strong Families for a Stronger Community. That means doing what’s right to help build the economic independence of our member families. It’s not about profit and it’s not about pleasing stockholders. It’s all about building wealth and financial stability for the families we serve in Harford and Cecil counties.
  
  
• APGFCU continues to lend. Our loans for cars, college education, a new mortgage, or home improvements continue to help thousands of local families. Your credit union has never stopped working with members to arrange solid loans at affordable interest rates.
  
  
• Your credit union steered clear of the sub-prime mortgage mess. We simply do not allow our members to get involved in risky situations just for the sake of immediate profit to the institution. And our commitment to financial literacy and education has meant that thousands of local families can better recognize the best way to improve their own economic condition.
  
  
• Your savings are safe, secure, and federally insured. Just like FDIC insurance, the National Credit Union Share Insurance Fund (NCUSIF) insures savings up to $250,000 – more with different combinations of accounts. And just like FDIC, the NCUSIF is backed by the full faith and credit of the federal government.
  
  
• We are a member-owned, democratic cooperative with an elected Board of volunteer directors. That means that all strategic decisions are made in the best interest of the membership. Over the years, this has created a consistent and prudent approach where risk management is a daily commitment not a casual afterthought. Leadership from the Board and executive management is fully focused on Building Strong Families for a Stronger Community.

That’s the way we choose to do business. We deliver a safe harbor for your savings and a reliable source of credit for your family’s dreams for economic well-being.

Yes, your family’s money is safe at APGFCU . . . . . and we’re still making loans. That’s our continuing commitment to the communities we have been privileged to serve for more than 70 years.