Fact: Not one dollar of NCUA-protected money has ever been lost by a credit union member.
The National Credit Union Administration (NCUA) is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF). Similar to the FDIC deposit insurance, is backed by the full faith and credit of the U.S. Government. The NCUA symbol is your guarantee that your money is safe.
COMMUNITY 1ST DEPOSITS ARE INSURED BY NCUA
The NCUA insures share (checking, savings, certificates of deposit) accounts in federally insured credit unions for $250,000 per qualifying account. You can tell your credit union is federally insured by checking to see if it displays the NCUA official insurance sign.
You can increase your coverage by setting up different types of accounts because the $250,000 coverage is per qualifying account. If you have any questions about NCUA coverage limits and requirements, please call or visit your local Community 1st branch. You can also visit the National Credit Union Administration or call them at (800) 755-1030.
NCUA: Brochure presented by the National Credit Union Administration, Revised February 2018.