Share Insurance

We are federally insured by the NCUA.
 Not one penny of insured savings has ever been lost by a member of a federally insured credit union.

The National Credit Union Share Insurance Fund (NCUSIF), backed by the United States government, insures the deposits of credit union members nationwide. The fund is managed by the National Credit Union Administration (NCUA), an independent agency of the United States government.

NCUA Share Insurance Calculator

Covered Account Types

Checking
Share
Money Market
Share Certificates
Individual Retirement Accounts

Examples

  • The standard share insurance amount is $250,000 per share owner, per insured credit union, for each account ownership category.

    INDIVIDUAL ACCOUNTSNCUA COVERAGE
    Spouse #1$250,000
    Spouse #2$250,000


    JOINT ACCOUNTSNCUA COVERAGE
    Spouse #1 and Spouse #2$250,000


    PAY ON DEATH ACCOUNTSNCUA COVERAGE
    Spouse #1 as POD for Spouse #2$250,000
    Spouse #2 as POD for Spouse #1$250,000


    TOTAL NCUA COVERAGE$1,250,000
  • All members of federally insured credit unions have options for coverage that are separate from and in addition to the coverage available to their single ownership accounts.

    INDIVIDUAL ACCOUNTSNCUA COVERAGE
    Spouse #1$250,000
    Spouse #2$250,000
    Child #1$250,000
    Child #2$250,000


    JOINT ACCOUNTSNCUA COVERAGE
    Spouse #1 and Spouse #2$250,000
    Spouse #1 and Child #1$250,000
    Spouse #2 and Child #2$250,000
    Child #1 and Child #2$250,000


    PAY ON DEATH ACCOUNTSNCUA COVERAGE
    Spouse #1 as POD for Spouse #2$250,000
    Spouse #2 as POD for Spouse #1$250,000
    Spouse #1 as POD for Child #1$250,000
    Spouse #2 as POD for Child#2$250,000


    TOTAL NCUA COVERAGE$3,000,000

Coverage Amount

OWNERSHIP TYPECOVERAGEEXPLANATION
Individual$250,000Total amount in qualifying individual accounts combined.
Joint$250,000 per ownerAmount per each owner's interest in qualifying joint accounts combined.
Retirement$250,000 per ownerAmount in all traditional, Roth, and SEP-IRAs combined.
Beneficiaries do not change coverage amount.
Payable on Death and Revocable TrustMay qualify for up to $250,000 per named beneficiaryAmount per beneficiary, for each owner.
Special rules for accounts with six or more beneficiaries.
Irrevocable Trust and Coverdell ESAsMay qualify for up to $250,000 per named beneficiaryAmount per beneficiary, for each owner.

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