NCUA Insurance

Consumers Credit Union is Federally Insured by the NCUA. Your funds or deposits are federally insured and backed by the full faith and credit of the U.S. Government.

The NCUA insures up to $250,000 per member, per institution, per ownership category. “Ownership category” refers to account type, usually single or joint. If you have a single and a joint account at the same institution, both are insured separately up to the $250,000 limit. If you have multiple accounts within the same ownership structure at the same institution, funds will be calculated in aggregate up to the coverage limit noted in the respective category below.

The table below summarizes the account categories that are insured and the applicable coverage amount for each.

 

Insured Account Category Coverage Limit
Single Ownership Accounts (owned by one person with no beneficiaries) Up to $250,000 per Owner
Joint Ownership Accounts (owned by two or more persons with no beneficiaries) Up to $250,000 per Co-owner
Certain Retirement Accounts (e.g., traditional IRAs, Roth IRAs) Up to $250,000 per Owner
Revocable Trust Accounts and Personal Accounts with Beneficiaries (e.g., Living/Family Trust accounts, Payable on Death (POD) accounts, In Trust For (ITF) accounts) Up to $250,000 per Owner/Grantor, per Unique Beneficiary
Corporation/Partnership/Unincorporated Association Accounts Up to $250,000 per Corporation, Partnership or Unincorporated Association
Irrevocable Trust Accounts Up to $250,000 for the Noncontingent Interest of Each Unique Beneficiary
Government Accounts (accounts owned by federal, state, local or Indian tribe governments) Up to $250,000 per Official Custodian (more coverage available subject to specific conditions)

For more information please visit Share Insurance | MyCreditUnion.gov and the insurance estimator https://www.mycreditunion.gov/insurance-estimator

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