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IRA Share Insurance Coverage

IRA Share Insurance Coverage

Insuring a GREATER part of your retirement savings THAN ever before!

250 > 100

 The National Credit Union Administration (NCUA) has increased share insurance for individual retirement accounts (IRAs) for the first time in more than 25 years. While other deposit accounts, such as individual and joint accounts and revocable trust accounts, remain at a share insurance limit of $100,000, IRA coverage has more than doubled to $250,000*—meaning you can put more into your IRA and take comfort in knowing it’ll be secure.

There’s never been a better time to look into your financial portfolio and make sure you’re taking full advantage of this level of retirement security. You’ve worked hard to save so you can remain independent in later years. And, you’ve put those savings to work in a variety of investments through tax-deferred accounts and have watched your balances grow. Now, you have an opportunity to build your IRA even more.

Ask us why now is a great time to invest in an IRA with us.

*All self-directed retirement plan accounts owned by the same person with the same financial institution are added together toward the $250,000 limit. A self-directed retirement plan is one where the owner decides where and how the money is invested.

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NCUA - How your funds are insured.