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Is My Money Safe and Insured?
Our many points of differentiation have allowed us to maintain a very strong financial foundation which provides the Credit Union stability during this challenging economic time in our country. We have illustrated below the many ways we can help you structure your funds for maximum insurance coverage. Please feel free to contact us with questions you have.
Who Insures Member-Owner Deposits?
Credit Union deposits are insured by the National Credit Union Share Insurance Fund (NCUSIF), which is managed by the National Credit Union Administration (NCUA), an independent agency of the United States government. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.
What Types of Accounts are Insured?
All types of deposit accounts are insured. This includes savings, checking, money markets, club accounts and certificate accounts.
How is Your Coverage Determined?
Share insurance is determined by account ownership.
| Ownership Status | Maximum Insurance Coverage |
| Individual Accounts | $250,000 |
| Joint Accounts | $250,000 |
| Payable on Death | $250,000 |
| IRA | $250,000 |
| Custodial | $250,000 |
| Revocable Living Trusts | $250,000 |
You can often have more than $250,000 insured within the Credit Union, based on how ownership is structured. Insurance coverage may be increased by restructuring individual, joint and payable on death accounts. If we can answer any questions or assist you with any of your financial needs, please contact us or visit www.ncua.gov/ShareInsurance.
