The purpose of Eagle Express Federal Credit Union is to promote thrift among its members by affording them an opportunity to accumulate their savings, and to create for them a source of credit for provident or productive purposes.
This Credit Union is federally insured by the National Credit Union Adminsitration.
Since 1984, credit unions have fully funded their federal deposit insurance program on a pay-as-you-go basis. Each year, credit unions deposit sufficient funds to ensure that the fund's equity ratio is maintained at or above 1.2%. While the NCUSIF is backed by the full faith and credit of the U.S. Government, the structure of the insurance fund ensures that only if all of the capital in the credit union movement were to be exhausted would taxpayer funds be spent on credit unions. Like other deposit insurance funds, NCUSIF protects member deposits to $250,000.
Benefits of Membership
Founded on the basic democratic premise of the cooperative movement, credit unions believe that access to low-cost financial services is critical to the health and stability of ordinary citizens.