How Member Funds Are Insured
Your share savings funds are insured up to $250,000 per Social Security Number, for non-IRA (Individual Retirement Accounts) accounts and up to $250,000 for IRA accounts through NCUA's National Credit Union Share Insurance Fund (NCUSIF), an agency of the Federal Government. Share accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount (SMSIA), $250,000 as of October 3, 2008. For more information regarding how your shares are insured by the NCUSIF, click here.
NCUA has a Share Insurance Estimator on its web site to help members better understand the protection offered by the NCUSIF. View the Share Insurance Estimator, click here.
Your share savings funds are insured up to an additional $250,000 per Social Security Number, for non-IRA accounts and IRA accounts through (ESI) Excess Share Insurance provided by (ASI) American Share Insurance, the nation's largest private deposit insurer for credit unions. For more information regarding ESI and how your shares are insured, click here.
Excess share insurance gives credit unions a distinctive advantage over other financial institutions that can not offer this type of coverage.