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Your Savings
are Federally Insured
The National
Credit Union Administration (NCUA) is the United
States independent federal agency that supervises and
charters federal credit unions and insures savings in
federal and most state-chartered credit unions across
the country through the National
Credit Union Share Insurance Fund (NCUSIF), a federal
fund backed by the full faith and credit of the United
States government.
Membership accounts in federally insured
credit unions are insured up to $250,000.00 –
just as with FDIC coverage at banks. Generally, if a
credit union member has more than one individual account
in the same insured credit union, those accounts are
added together and are insured up to $250,000.00.
However, accounts maintained in different
legal ownership capacities or tenancies may be separately
insured, which means that you may be able to keep substantially
more funds at the credit union and still have every
dollar protected.
If you have any questions on how your
savings are insured please contact
us.
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