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What does 'NCUA Insured' mean?

Your funds are safe at your federally insured credit union.

All CULookup.com credit unions provide insurance to their members from the National Credit Union Administration (NCUA ), an independent agency of the federal government. This means that your money deposited in a federally insured credit union is insured up to $250,000, similar  to the insurance provided by the FDIC (Federal Deposit Insurance Corporation) to banks.
 
The shares in your credit union are insured by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States Government. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF is managed by NCUA.
 
NCUA logoCredit unions that are insured by the NCUSIF must display in their offices the official NCUA insurance sign, (left). All federal credit unions must be insured by NCUA, and no credit union may terminate its federal insurance without first notifying its members.
 
Not one penny of insured savings has ever been lost by a member of a federally insured credit union.
 
(Source: National Credit Union Administration. (2010, May 11). Your Insured Funds. Retrieved from http://www.ncua.gov/NewsPublications/Publications/PDF/brochures/insured_funds/funds.pdf)

Watch some videos about safe and secure funds at your federally insured credit union!

"Your Funds in a Federally Insured Credit Union are Safe!"
Jane Bryant Quinn and NCUA
 
"We'll Put Your Money in a Safe Place"
NAFCU Services Corporation
 
"Have You Heard?"
NAFCU Services Corporation
 

 

 
   
     
 
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