Dear former SFCU members,
We would like to take this opportunity to welcome you as a new member of our credit union. We are happy to have you with us and hope you explore our products and services, all designed to meet your financial needs.
Shreveport Federal Credit Union (SFCU) was liquidated by the National Credit Union Administration on October 2, 2017. To provide continued credit union services, your insured shares were assumed by Red River Employees Federal Credit Union (RREFCU) on that day.
Accounts of the new RREFCU members remain insured by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance Fund insures individual accounts up to $250,000, and a member’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund separately protects IRA and KEOGH retirement accounts up to the limits provided by NCUA. The Share Insurance Fund has the backing of the full faith and credit of the United States. You may visit the MyCreditUnion.gov website at any time for more information about your insurance coverage.
At this time, you can continue to do business as usual. That means you can keep writing your same checks, using your debit card and online banking as you have in the past. However, please be on the lookout for communications from RREFCU as we work to transfer member data from SFCU’s system to ours.
You will receive an account statement as usual at the end of September, 2017. Please contact us immediately if you believe an error exists on your statement. We stress that potential errors need quick reporting, for the NCUA, the insurer of your accounts, will only allow 18 months for the filing of insurance claims following the liquidation of SFCU. Correspondence regarding share insurance claims should be directed to:
NCUA Board as Liquidating Agent for Shreveport FCU
4807 Spicewood Springs Rd, Suite 5100
Austin, TX 78759
If you have any questions, please come by one of our area branches or call our Contact Center at 1-318-798-4061 during normal business hours.
Again, Welcome to the Red River Family.