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Credit Union Insurance

Credit Unions in the United States provide insurance protection to their members in the event of the credit union's failure with protection levels up to $250,000 per account. Credit Unions are insured by the federal government and/or American Share Insurance.

Credit Unions Insured by the Federal Government

The National Credit Union Administration (NCUA) is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF, like the FDIC’s Deposit Insurance Fund, is a federal insurance fund backed by the full faith and credit of the U.S. Government.
The NCUSIF insures header( 'Location:' ); savings in federally insured credit unions, which account for approximately 98 percent of all credit unions. All federal credit unions and the vast majority of state-chartered CUs are covered by NCUSIF insurance protection.
Credit unions that are insured by NCUSIF must prominently display the official NCUA insurance sign. No credit union may terminate its federal insurance without first notifying its members.

Credit Unions Insured by American Share Insurance

American Share Insurance (ASI) provides primary and excess share or deposit insurance exclusively to credit unions.
An alternative to federal deposit insurance for state-chartered CUs, ASI insures up to $250,000 for each account a credit union header( 'Location:' ); may have.
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