Share Insurance
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.
COVERED ACCOUNT TYPES
EXAMPLES
- The standard share insurance amount is $250,000 per share owner, per insured credit union, for each account ownership category.
- 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.
COVERAGE AMOUNT
| OWNERSHIP TYPE | COVERAGE | EXPLANATION |
| Individual | $250,000 | Total amount in qualifying individual accounts combined. |
| Joint | $250,000 per owner | Amount per each owner's interest in qualifying joint accounts combined |
| Retirement | $250,000 per owner | Amount in all traditional, Roth, and SEP-IRAs combined. Beneficiaries do not change coverage amount. |
| Payable on Death and Revocable Trust | May qualify for up to $250,000 per named beneficiary | Amount per beneficiary, for each owner Special rules for accounts with six or more beneficiaries. |
| Irrevocable Trust and Coverdell ESAs | May qualify for up to $250,000 per named beneficiary | Amount per beneficiary, for each owner. |
