IMPORTANT NOTICE: The Emergency Economic Stabilization Act of 2008, signed into law on October 3, 2008, increased the standard maximum share insurance amount up to $250,000 through December 31, 2009.

Federal Account Insurance Offers Our Members Security And Peace-Of Mind!

One of the results of the Great Depression resulting from the stock market crash in October 1929 was the National Banking Act of 1933 where deposit insurance originated.

Your combined savings at the Credit Union is insured up to a standard maximum share insurance amount of $250,000. You can rest assured that your hard-earned savings is insured and safe for as long as you have it in our care. Here is what you should know about National Credit Union Association share insurance:

Each member's funds are insured to $250,000 and that limitation applies to the total of a person's funds in any share account for which the credit union is liable. The $250,000 is cumulative of any share account, checking account, money market, and share certificate were the account ownership is the same.

In addition to accounts with individual ownership, each person is entitled to a maximum of $250,000 coverage for accounts with joint ownership. Any two or more persons may have a valid joint account covered for the total amount allowed for each person in the joint category. Insurance protection is not increased by merely rearranging the names of owners, changing the style of names, or by having more than one joint account for the same combination of owners in the same insured credit union.

Funds deposited into revocable trust accounts are separately insured up to $250,000 for each beneficiary. Revocable trust accounts provide that, at the death of the owner, funds will pass to a named beneficiary. The person who has the power to revoke the trust is considered the owner of the account.

IRA Accounts Insured Separately to $250,000
In addition to the insurance on other savings, funds in a credit union Individual Retirement Account (IRA) are separately insured up to an additional $250,000 per depositor account.

Maximize Your Insurance Coverage
Take a look at the combination of possibilities that can provide a family of four coverage totaling $3,000,000 on deposit at your Credit Union:  

INDIVIDUAL ACCOUNTS

• $250,000 Husband
• $250,000 Wife

JOINT ACCOUNTS with right of survivorship

• $500,000 Husband and Wife
  

REVOCABLE TRUST ACCOUNTS

• $250,000 Husband as Trustee for Wife
• $500,000 Husband as Trustee for 2 Children
• $250,000 Wife as Trustee for Husband
• $500,000 Wife as Trustee for 2 Children
  

INDIVIDUAL RETIREMENT ACCOUNTS

• $250,000 Husband
• $250,000 Wife
  
  $3,000,000 TOTAL!

We understand that NCUA share insurance can be confusing. So we encourage you to talk to us about insurance coverage possibilities for your personal situation. Know that the Credit Union takes the charge of keeping your savings safe very seriously. Please also know that your Credit Union will be honored to care for your savings for as long as you like in an institution that has your money guaranteed, no matter the circumstances. That's why we say that your Credit Union is about People Helping People.

Click [here] to access NCUA's share insurance toolkit to learn more about federal insurance protection.  Click [here] to calculate your coverage using NCUA's electronic share insurance calculator!