Excerpts from my credit union notice re: Y2K

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I got my monthly statement and newsletter from my credit union today and they had a half page blurb about Y2K in the newsletter. The first part was about the state of their Y2K compliance. (100% critical systems remediated and tested, remediation complete and testing under way for non-critical systems) The second part was a detailed set of instructions regarding the testing of home PCs. The third part I'll quote here...

"Regarding the Rumors"

"Because the date change happens when Alaska is cold and dark, it is best to consider possible alternative heating and light sources, and have an adequate supply of food and water available. This is a common sense approach to any unforseeable situation that might arise in winter."

"When it comes to your money, weigh the risks. Is it safer to keep your money in your credit union, in your home or on your person? "Credit union name" is where you have placed your trust all these years, while carrying large sums of money or leaving it at home increases your potential loss in the event of a robbery. We think you will be much safer keeping your money where it is now, in your credit union. We look forward to continue serving your financial needs well into the next century."

This is as balanced an approach as I have seen from an institution regarding Y2K yet. Thought that this might be of interest to some on this list.

-- Ramp Rat (Aviation_R_us@noname.nocity), April 16, 1999

Answers

R.R.

Credit union assets are getting very low. If I were them, I would want you to keep your money in there to. Check your credit union. See what their assets were 6 months ago, and what they are NOW! Hope it is better than mine!

-- SCOTTY (BLehman202@aol.com), April 17, 1999.


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