The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about bank sweep programs, which some broker-dealers offer to their customers as a way to manage cash in their brokerage accounts.
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We believe in the spiritual unity of believers in our Lord Jesus Christ. Resurrection is of both the saved and the lost they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation. The present ministry of the Holy Spirit is to indwell and enable the Christian to live a godly life. We believe in the deity of our Lord Jesus Christ, in his virgin birth, his eternal, personal pre-existence, his sinless life, his miracles, his vicarious and atoning death through his shed blood, his bodily resurrection, his ascension to the right hand of the Father, and his personal return in power and glory.įor the salvation of lost and sinful men, regeneration by the Holy Spirit is absolutely essential. There is one God, eternally existent in three persons: Father, Son, and Holy Spirit. They are without error or defect of any kind. The Scriptures of the Old and New Testaments are without error or misstatement in their moral and spiritual teaching and record of historical facts. The Bible, consisting of all the books of the Old and New Testaments, is the inspired, only infallible, authoritative Word of God. The Insured Money Market Reserve program is administered by Stable Custody Group II, LLC. To assure their FDIC coverage, customers should regularly review banks in which their funds have been deposited, and notify ECCU immediately if the customer does not want to allocate funds to a particular bank or banks. Customers should read the Program Terms and Conditions carefully before depositing money into the program and for other important customer disclosures and information. If the balance in the account is greater than the FDIC insurance coverage in the program, any excess funds will not be insured. The total amount of FDIC insurance in an account depends on the number of banks in the program. Funds participating in the Insured Money Market Reserve program are deposited into deposit accounts at participating banks, which are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 for each category of legal ownership, including any other balances a bank customer may hold directly or through other intermediaries, including broker-dealers. For current dividend rates and annual percentage yields, call Member Services at 800.921.1130 or internationally at 714.671.5705.ģ. All account rates, agreements, terms, and conditions offered are subject to change without notice. Please refer to ECCU's Account Agreement and Disclosures and Account Information and Fee Schedule for complete information.
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Withdrawal of dividends and fees could reduce earnings.Ģ. APY assumes that dividends remain on deposit for one year. Contact an ECCU Relationship Manager to learn more.ġ. † Available with select ECCU checking and savings products. Insured Money Market Reserve 3 Account – One account available from online and mobile banking but where funds are automatically allocated in insured amounts of $250,000.00 with participating credit unions and banks which are federally insured by NCUA and FDIC 3. In either instance, your end-of-day balance will always be your target balance.ģ.
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