Our members’ deposits are insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA). NCUA insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC).
The NCUA is an independent agency of the United States government that regulates, charters and insures federal credit unions. In addition, NCUA insures state-chartered credit unions that desire and qualify for federal insurance. In some states, including Florida, state-chartered credit unions are required by state law to be federally insured.
Here are some important facts to remember about your share insurance:
Use the NCUA Insurance Estimator
This estimator will guide you through a series of questions about you and your accounts to help you understand your share insurance protection. The estimator can help you determine if you have adequate share insurance for the accounts you have at a single NCUSIF-insured credit union and estimate the share insurance you have for the following accounts: Single Ownership Accounts, Revocable Trust Accounts, Joint Accounts, and IRA Accounts.