Your deposits are Federally insured and backed by the full faith and credit of the United States government.
According to the National Credit Union Administration (NCUA), Credit union members have never lost even a penny of insured savings at a federally insured credit union.
Your savings are insured up to $250,000 per individual depositor. The following provides some additional insight on coverage:
|Account Ownership Type||Example Account||Less than $250k Account||Greater than $250k Account|
|Individual||Savings, Checking, Money Market – For Self Only||You're covered!1 ||Up to $250k protected1 |
|Joint||Savings, Checking, Money Market – Multiple Owners||You're covered!2||Up to $250k protected per owner2 |
|Trust||Formal or Informal Revocable Trusts3||You're covered!4 ||Up to $250k protected per beneficiary4|
|Retirement||Traditional/Roth IRA||You're covered!5||Up to $250k protected5|
Please note: Separate coverage is also available for the trust interests of beneficiaries of irrevocable trust accounts.