In a statement released by the National Credit Union Administration (NCUA) on March 19, 2020, they wanted to remind members of two very important things in this turbulent time:
1) Your funds are safe and federally insured up to at least $250,000 when held in credit unions protected by the National Credit Union Share Insurance Fund - which ARC Federal Credit Union is.
2) Remain vigilant against scammers taking advantage of consumers in times of uncertainty like the COVID-19 pandemic. A more recent scam circulating is letters, calls, and emails claiming that members' funds are no longer insured so you should wire your funds to an alternate organization for coverage. This is a dangerous scam.
If you have received anything that you believe to be fraudulent and feel your account with us may have been compromised, contact ARC immediately. You can read the complete statement issued by the NCUA here.