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NCUA Insurance Protects Your Money Deposits

When you visit a branch or our website, you’ve probably seen the signs that say: “Your savings are federally insured to at least $250,000.”

Have you ever thought about what that sign really means?

The National Credit Union Share Insurance Fund was formed to protect the money deposited into accounts at federally insured credit unions up to $250,000. This coverage applies to single ownership accounts, including regular shares, share drafts, money market accounts, and share certificates.

Additional coverage up to $250,000 also applies to other categories of accounts including joint accounts, retirement accounts, and trust accounts.

Because we’re a NCUA Credit Union, the coverage is automatic – so you don’t need to apply for NCUA insurance.

However, other financial products like stocks, mutual funds or securities are not covered even if they are invested through the credit union.

Stop in to talk with one of our professionals to explore ways to set up your accounts for maximum NCUA coverage.

We’re here to help keep your money secure and protected.