Limit on high dollar loans

Dear United Trades FCU Members,

Our credit union is a financial cooperative that is owned and operated by its members.  Members like you are how we continue to provide excellent loan and certificate rates.  We use the money that you deposit into your account to fund loans to other members, and we are currently running low on deposits.   Sometimes if we are running low on deposits money, we may run a promotion on our savings or certificate accounts to boost our deposits and continue our ability to grant loans.  On the other hand, if we have an excess of deposit money, we may run a promotion on loans to boost the loans on our books and make the best use of our deposit money.

Financially, the credit union is doing great.  The loan and deposit balance does not impact our ability to pay our bills and remain the credit union you know and love.  It’s all about the ability to grant new loans and open new deposit accounts.  You can review our current financial statements anytime.  They are posted near the front door of our branch.

We encourage you to reach out to us with any questions.

We love being your credit union and we appreciate your continued support!