Finance your college education with a little help...

Once again, ACMG is offering an outstanding Scholarship Program for our student-members. College-bound high school seniors have the opportunity to win up to three scholarships! With just one application, you'll be entered to win at the local, district and state level.

Steps to take:

Your ACMG staff is committed to making the goal of a successful future a reality. If you have questions on joining ACMG, our available scholarships, or how to fund your college education -- please click here to send us an inquiry.

Coming soon...
Our student-members will be able to complete their Master Promissory Notes for Stafford, Parent PLUS, and Grad PLUS loans ONLINE!

Credit Unions: A History of Stability

Dear Members:
For nearly a century, credit unions have practiced prudent lending and focused solely on the needs of their owners --- YOU the member. This approach has enabled us to weather every financial upheaval since the Great Depression without ever costing taxpayers a penny or compromising members’ deposits. The recent failures within the financial industry have proven just how important it is for Americans to have a cooperative, not-for-profit banking option like their credit union!

What exactly is the credit union difference? As a local, not-for-profit financial institution, our only commitment is to the long-term financial health of our members. That is what drives us to lend responsibly and constantly pursue trustworthy and secure services and solutions for you and your family, co-workers and neighbors. Now more than ever, people are looking for a financial institution that values trust, responsibility and long-term benefits. At ACMG FCU we have been operating under those principals since 1953. The volunteer board members and the paid staff take pride in how we do business and the difference we are able to make in the lives of the members who trust us with their financial affairs. If you know someone who would like to learn more about the credit union difference, please have them call any of our three offices and speak with one of our member service representatives.

Finally, with the media being quick to report that savings in bank accounts are federally insured by the FDIC, it’s important for credit union members to know that credit union accounts are federally guaranteed as well. As the FDIC does for banks, the National Credit Union Share Insurance Fund insures members’ savings up to at least $250,000, with higher total coverage available if the member has a combination of accounts. There is also separate insurance coverage of up to $250,000 for IRA accounts. To determine your NCUSIF insurance coverage, see the insurance estimator at http://webapps.ncua.gov/ins/ . For questions about the safety of your credit union deposits, call the NCUA hotline, open M-F from 7am to 5:30pm at (800) 755-1030, ext. 1. Finally, please feel free to contact me any time at (315) 488-4433 or (800) 634-9239.  

Consumers looking for a safe harbor during today’s financial turmoil need look no further than their local credit union. It’s one type of financial institution that remains safe, sound, stable and welcoming for people from all walks of life.

Credit Union Federal Insurance Coverage Rises to $250,000 

Passage of the Emergency Economic Stabilization Act of 2008 increases National Credit Union Administration (NCUA) coverage from $100,000 to $250,000. The increase is temporary, taking effect from Oct. 3, 2008, until Dec. 31, 2009. Funds may be insured for even more than $250,000, depending on how you establish your accounts. Your accounts in a federally insured credit union are backed by the National Credit Union Share Insurance Fund (NCUSIF), a fund maintained by the U.S. Treasury and administered by the NCUA. Federal insurance protects your money in share savings, share draft/checking, money market, share certificate, trust, and retirement accounts. 

NCUA coverage is to credit unions as FDIC, or Federal Deposit Insurance Corporation, coverage is to banks. Both funds are backed by the full faith and credit of the U. S. government.