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NCUA deposit insurance
On May 20,2009, the NCUA deposit insurance temporary increase from $100,000 to $250,000 per depositor was extended through December 31,2013.
Shares in your credit union are insured by the National Credit Union Share Insurance Fund a subsidiary of NCUA and is backed by the full faith and credit of the U.S. Government. This insurance is similar to the deposit insurance offered by the Federal Deposit Insurance Corporation, (FDIC).
NCUA insurance covers funds in share savings, share draft/checking, money market, share certificate, trust and retirement accounts.
Not one penny of insured savings has ever been lost by a member of a federally insured credit union.
Funds in your federally insured credit union can be insured to more that $250,000 depending on how you establish your accounts.
Basic NCUA Deposit Insurance Coverage Limits
Single Accounts $250,000 per owner*
(owned by one person)
Joint Accounts $250,000 per co-owner*
IRAs and certain other $250,000 per owner*
Retirement accounts
Trust Accounts $250,000 per owner per
Beneficiary subject to
specific limitations and
requirements*
*If you have questions about NCUA coverage limits and requirements, please visit NCUA call toll free 1-800-755-1030, or speak to one of our member service representatives.
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