PROTECTING YOUR FAMILY'S ASSETS IN TIMES OF FINANCIAL TURMOIL

Turmoil in the financial markets is affecting everyone.  Unfortunately, this is not just a Wall Street problem – it has the potential to hurt all of us.  As Congress considers legislation to stabilize our financial system, ordinary people are asking questions about their own finances:

Are my savings accounts safe?

Is my pension plan protected?

What if I’m late on my home mortgage payments?

What about my retirement account?

In order to help answer those questions and enable families to better understand their own finances, my office has compiled the resources listed below.

The following sites can help families stay up-to-date on new developments and make informed decisions on handling their own financial situations.  Please keep in mind that while some of these sites are governmental, others are not.  It is important to independently verify any information you gather.  This message is not intended to provide financial advice, but we hope that this information may help you to better understand your finances.

U.S. Senate Banking Committee Website: CLICK HERE or call 202-224-7391 for up-to-date information on our efforts to stabilize our financial system.

Hope for Homeowners: CLICK HERE or call 202-708-1112.  This organization is administered by the Federal Housing Administration (FHA) and provides information about refinancing into more affordable home mortgages insured by the federal government.

Pennsylvania Housing Finance Agency: CLICK HERE or call 1-800-822-1174 for counseling services at the county level for people worried about going into mortgage foreclosure.

HOPE NOW Alliance: CLICK HERE or call 1-888-995-HOPE.  This is a non-governmental program started by financial counselors, mortgage servicers, investors and others to help homeowners avoid foreclosure.  This is NOT a government agency, although the federal government encouraged the creation of this program.  

NeighborWorks America: CLICK HERE or call 1-888-995-HOPE.  This is a non-profit partner in the HOPE NOW Alliance offering immediate assistance and counseling on foreclosures.

Neighborhood Housing Services of Lackawanna County: CLICK HERE or call 570-558-2490.  This is a local NeighborWorks America organization offering information for people worried about foreclosure in Northeastern Pennsylvania.  

Center for Responsible Lending: CLICK HERE or call 202-349-1850.  This is a private, non-governmental site that contains information about avoiding foreclosures and combating predatory lending.  

National Consumer Law Center: CLICK HERE or call 617-542-8010.  This is a private, non-governmental site that provides information for low-income consumers including how to avoid fraud and predatory lending.

Veterans Home Loan Guarantee Service: CLICK HERE or call 1-877-827-3702 for specific information on the VA Loan Guarantee Service.

Federal Deposit Insurance Corporation (FDIC): CLICK HERE or call 1-877-ASK-FDIC. The FDIC insures deposits in banks and savings associations.  This site has general information about the FDIC insurance as well as an estimator to make sure that your savings, checking accounts and certificates of deposit are fully covered by FDIC insurance.  

Temporary Guaranty Program for U.S. Money Market Mutual Fund Industry: CLICK HERE or call 202-622-2000.  The U.S. Department of Treasury has temporarily established the Exchange Stabilization Fund to guarantee the payment of money market funds.

Pennsylvania Department of Banking: CLICK HERE or call 1-800-PA-BANKS for information related to financial security, foreclosures, insurance, and other banking-related issues.

National Credit Union Administration (NCUA): CLICK HERE or call 703-518-6300.  The NCUA is an independent federal agency that insures deposits in credit unions through the National Credit Union Share Insurance Fund (NCUSIF) backed by the United States Government.  This site contains information about NCUA’s deposit insurance programs.

BankRate.Com
: CLICK HERE or call 561-630-2400.  This is a private, non-governmental site that rates the stability of banks, savings associations, and credit unions.  

Pension Rights Center: CLICK HERE or call 202-296-3776.  This is a private, non-governmental site that contains information about pension plans.  

To learn more about what Senator Casey is doing to remedy the financial crisis, visit our website at www.casey.senate.gov or click here.  

Notice: These resources are provided by Senator Casey as a public service.  Senator Casey does not endorse any of these websites and cannot ensure the accuracy of their information.  Each family must make its own financial determinations.