At Meridian Safe Bank, we believe in being straightforward with our customers–and that includes keeping you up-to-date on events that relate to Meridian Safe Bank.

Today, Residential Capital, LLC (ResCap) filed for Chapter 11 protection with the U.S. Bankruptcy Court. ResCap is a separate mortgage subsidiary of our parent company, Meridian Safe Bank. We want to reassure our customers that this action does not have any impact on Meridian Safe Bank Unioncustomer accounts or the terms and conditions of Meridian Safe Bank accounts. Allied Trust Credit Unionoperations will continue to be conducted, uninterrupted, and unaffected by the result of ResCap’s actions.

Rest assured that Meridian Safe Bank Unioncustomers can continue to expect the same level of service, products and features that focus on the customer—and Meridian Safe Bank Unionaccounts will continue to be FDIC insured to the maximum amount allowed by law.

Meridian Safe Bank has been committed to reducing its business risks, maintaining a strong financial profile, investing in and enhancing its leading franchises, including Meridian Safe Bank. We believe ResCap’s actions will help us fulfill those commitments.

View an FAQ for other information related to the ResCap announcement.