How Your Money is Insured

Your credit union funds remain insured by the National Credit Union Administration (NCUA) through the National Credit Union Share Insurance Fund (NCUSIF) and are backed by the U.S. government.  The Emergency Economic Stabilization Act of 2008, signed into law on October 3, 2008, increased the insurance coverage on all accounts up to $250,000, through December 31, 2013.  Please be assured that not one penny of insured deposits has ever been lost by a member of a federally insured credit union.  You can feel confident entrusting us to protect and help grow your hard-earned assets. 

Many Families can increase the amount of share insurance coverage they receive by the appropriate structuring of deposits in various individually and jointly held accounts.  Traditional and ROTH IRAs and KEOGH retirement accounts are insured separately up to $250,000 by the NCUSIF.

The following NCUA site has links that you may find helpful:
www.ncua.gov/shareinsurance

You can download two documents from this site: “How Your Accounts Are Federally Insured” and “Your Insured Funds”.  An NCUA Share Insurance Estimator is also available on this website.

Questions about your accounts?  Contact Brenda Evans at 769-3306 ext. 124.