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What does it mean for a credit union to be NCUA insured up to $250000?

The National Credit Union Share Insurance Fund was created by Congress in 1970 to insure members deposits in federally insured credit unions. Each credit union member has at least $250,000 in total coverage. Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000.

How do I contact NCUA insurance?

Share Insurance Questions You can docHub a share insurance specialist by phone at 800.755. 1030, Option #1 (Monday-Friday 8AM-5PM ET). Or, email dcamail@ncua.gov(opens new window) (Opens new window).

Is my money safe with NCUA?

Just like the FDIC, the NCUA insures up to $250,000 to all credit union members and provides protection in the event of a credit union failure.

What is not covered under NCUA?

The NCUA does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investment or insurance products are sold at a federally insured credit union.

What does NCUA mean with a credit union?

The National Credit Union Administration (NCUA) is an agency of the United States federal government. The federal government created the NCUA to monitor federal credit unions across the country.

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