Membership                               

Who is Eligible?

At Nebraska Energy Federal Credit Union, you’re a member as well as an owner.  Ownership means that your credit union’s earnings are returned to you in the form of higher dividends and lower loan rates.  Membership with Nebraska Energy Federal Credit Union is available to:

Employees who work regularly at entities engaged in the electrical power generation, transmission and distribution industry in Nebraska.

Membership is also available to:

• An immediate family member of a primary member of this credit union. (spouse, children, step-children, brothers, sisters, half-brothers, half-sisters, parents, step-parents, step-siblings, adoptions).  Membership can also be available to extended family members. Call the credit union to find out how you can become a member.
• Retirees of organizations approved for membership.
• Board members of organizations approved for membership.

Once A Member, Always A Member

Once you become a member of Nebraska Energy Federal Credit Union, you are a member for life. You can maintain your membership even if you change employers, move, or retire.

Shares Insured up to $100,000 by the NCUA

The *Shares in your Nebraska Federal Energy Credit Union are federally insured up to $100,000.00 by the National Credit Union Administration.

Remember:

·        Not one penny of insured savings has ever been lost by a member of a federally insured credit union

·        The NCUA insurance fund is currently at the strongest and best reserved level in its history

·        Members do not pay directly for share insurance. Your credit union pays into the NCUSIF a deposit, based on the total amount of insured shares and deposits in the credit union.

·        *IRA Accounts are insured separately.

NCUA RAISES INSURANCE ON RETIREMENT ACCOUNTS

April 1, 2006, NCUA announced recently passed legislation more than doubling federal deposit coverage on RETIREMENT ACCOUNTS.  This new rule increases the coverage limit from $100,000 to $250,000 on certain retirement account such as IRA’s.  This increase in deposit insurance limits is the first one since 1980.