How Safe Is My Money?
Learn how the NCUA protects the funds in your credit union accounts.
Shares in your credit union accounts 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 certificates, trust and retirement accounts.
No money 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 than $250,000 depending on how you establish your accounts.
Basic NCUA Deposit Insurance Coverage Limits
|Single Accounts (Owned by one person)||$250,000 per owner*|
|Joint Accounts||$250,000 per co-owner*|
|IRAs & certain other retirement accounts||$250,000 per owner|
|Trust Accounts|| $250,000 per owner per|
Beneficiary subject to
specific limitations &
*If you have questions about NCUA coverage limits and requirements, please visit www.NCUA.gov, call toll free 1-800-755-1030, or speak to one of our member service representatives for more information.