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Financial Security at Viriva |
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Given the recent headlines surrounding the government’s seizure of IndyMac Bank
and concern over the financial stability of both FNMA and FHLMC, I want to let you
know that your Credit Union is in excellent financial condition.
Each year our institution is subject to both state and federal examinations. Having
had recently gone through our state examination you can sleep well knowing that
we received a very high rating from our regulators. In addition to examinations by
the Pennsylvania Department of Banking and the National Credit Union Administration
we also have a third party CPA firm perform an audit on behalf of our Supervisory
Committee each year.
Jim McCaw, July 2008
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