Richmond City Employees Federal Credit Union | Richmond Indiana

Welcome to Richmond City Employees Federal Credit Union
Credit Counseling - Loans - Online Banking - Serving our Community Since 1961

December 12, 2022
TO THE MEMBERS OF RICHMOND CITY EMPLOYEES FEDERAL CREDIT UNION:

On December 12, 2022, the National Credit Union Administration (NCUA) placed your credit union into conservatorship and appointed itself as conservator. As a result of this action, your credit union's assets and operations have been placed in my control as the credit union's Agent for Conservator. As Regional Director of the Austin, Texas, office of NCUA, an Agency of the Federal Government, I am responsible for the insurance of the accounts while the credit union is in conservatorship.

Be assured NCUA's actions will not affect the safety of your savings. Member deposits remain protected by the National Credit Union Share Insurance Fund (NCUSIF). The Share Insurance Fund insures individual accounts up to $250,000, and a member's interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund separately protects IRA and Keough retirement accounts up to $250,000. The Share Insurance Fund has the backing of the full faith and credit of the United States. Members with questions about their Share Insurance Fund coverage can find more information in the Share Insurance Coverage section of NCUA's MyCreditUnion.gov consumer website.

The credit union will remain open, and services to members will continue.

The NCUA took this action because of safety and soundness concerns which were deemed detrimental to you as members. The NCUA is in the process of addressing the problems we have found. It is our intent to ensure you continue to have the best possible credit union service available to you. Further details will be sent to you in the future months.

If you have any questions, please contact the credit union at 765-983-7228.

C. Keith Morton
Agent for the Conservator

Information About Us

Richmond City Empoyee Federal Credit Union by

Membership and Services

Richmond City Employees Federal Credit Union has been open for over 50 years. Membership is open to the City Employees, employees of Morrisson-Reeves Library and Frontier/Verizon employees, and RP&L employees. Membership is also available to immediate family members of an existing member.

Our Credit Union provides a great place for members to bank, save and get loans at reasonable rates.

Our services include:

- Direct deposits and wire deposits
- Financial education and counseling services
- High interest rates on savings accounts
- Christmas, Special and Vacation Club Savings available
- Free checking with no minimum balance requirements
- Low interest rates on personal and vehicle loans
- Free debit cards
- Online Banking
- Purchasing Money Orders and Cashier Checks

Never give personal banking information over the phone or thorough email
FCU would never ask for any personal info on-line or through e-mail. Never give your Social Security Number or Credit Card Pin Number to anyone on the phone or through email. If you receive an email and you question it's validity with your account, please call us and verify.

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