IS MY MONEY SAFE IN A CREDIT UNION?
Credit Unions encourage their members to save regularly to build economic security
for themselves and their families.
Federally insured credit unions offer a safe place for you to save your money, with deposits insured
up to at least $250,000 per individual depositor. The National Credit Union Administration (NCUA) is
the independent agency that administers the National Credit Union Share Insurance Fund (NCUSIF).
Like the FDIC's Deposit Insurance Fund, the NCUSIF is a federal insurance fund backed by the
full faith and credit of the United States government.
The NCUSIF insures member savings in federally insured credit unions, which account for about 98 percent
of all credit unions in the United States. Deposits at all federal credit unions and the vast majority of
state-chartered credit unions are covered by NCUSIF protection, and not one penny of insured savings
has ever been lost by a member of a federally insured credit union.
For additional information and resources regarding share insurance and coverage, please visit: