Important Facts to Remember About Your Share Insurance
As a federally chartered credit union, your account(s) are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF) and arm of the National Credit Union Administration. This agency was established in 1970 to insure member share accounts at federally chartered credit unions.
Similar to the deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC), share accounts in federally insured credit unions are insured up to $250,000. Individual Retirement Accounts are federally insured up to $250,000.
All federal credit unions must be insured by NCUA and no credit union may terminate its federal insurance without first notifying its members.
You can learn more about the National Credit Union Share Insurance Fund by clicking on the Your Insured Funds link