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Acronyms & Terms
Below are a few of the acronyms that are used in the financial industry.

ACH - Automated Clearing House
APR - Annual Percentage Rate
APY - Annual Percentage Yield
APYE - Annual Percentage Yield Earned
ARM - Adjustable Rate Mortgage
ATM - Automated Teller Machine
CD - Certificate of Deposit
CUNA - Credit Union National Association
EFT - Electronic Funds Transfer
EIN - Employer Identification Number
EDP - Electronic Data Processing
FCRA - Fair Credit Reporting Act
FCU - Federal Credit Union
FDIC - Federal Deposit Insurance Corporation
FHA - Federal Housing Administration
FHLB - Federal Home Loan Bank
FHLMC - Federal Home Loan Mortgage Corp (Freddie Mac)
FICA - Federal Insurance Contribution Act
FMLA - Family Medical Leave Act
FNMA - Federal National Mortgage Association (Fannie Mae)
FOM - Field of Membership
FTE - Full Time Employee
GAAP - Generally Accepted Accounting Principles
GMAC - General Motors Acceptance Corporation
HELOC - Home Equity Line of Credit
HIPAA - Health Insurance Portability and Accountability Act of 1996
HMDA - Home Mortgage Disclosure Act
HOEPA - Home Ownership and Equity Protection Act of 1994
IRA - Individual Retirement Arrangement (or Account)
LAN - Local Area Network
LLC - Limited Liability Company
LLP - Limited Liability Partnership
LO - Loan Officer
LOC - Line of Credit
LTV - Loan to Value
MBI - Mechanical Breakdown Insurance
MBS - Mortgage Backed Securities
MICR - Magnetic Ink Character Recognition
MMA - Money Market Account
MSA – Member Service Associate (teller)
MSR - Member Service Representative
MSRP - Manufacturer’s Suggested Retail Price
MTD - Month to Date
NAFCU - National Association of Federal Credit Unions
NCUA - National Credit Union Administration
NCUSIF - National Credit Union Share Insurance
NYSE - New York Stock Exchange
OFAC - Office of Foreign Asset Control
OTS - Office of Thrift Supervision
PFI - Primary Financial Institution
PIN - Personal Identification Number
PMI - Private Mortgage Insurance
POS - Point of Sale
QRP - Qualified Retirement Plan
RESPA - Real Estate Settlement &
Procedures Act
ROA - Return on Assets
SAR - Suspicious Activity Report
SBA - Small Business Administration
SEC - Securities and Exchange Commission
SEG - Select Employee Group
SEP - Simplified Employee Plan
SSA - Social Security Administration
SSCRA - Soldiers’ and Sailors’ Civil Relief Act
SSI - Supplemental Security Income
TIN - Taxpayer Identification Number
TIS - Truth in Savings
YTD - Year-To-Date

 

  

 

 
Your savings are federally insured by the National Credit Union Administration and up to an additional $250,000 by Excess Share Insurance, for a total of $500,000.- learn more.

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government, the National Credit Union Administration, a U.S. Government Agency, and up to an additional $250,000 by Excess Share Insurance, for a total of $500,000. IRAs are separately insured to $250,000 by the National Credit Union Administration, a US Government Agency, and an additional $250,000 by Excess Share Insurance, for a total of $500,000.

Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.