Safeguard your money
We've got you covered!
Your hard-earned money is safe with Members Cooperative Credit Union. We’re federally insured by the National Credit Union Share Insurance Fund (NCUSIF), which means your deposits are insured up to at least $250,000, just like at a traditional bank. The difference is that our coverage is called share insurance and is provided directly by the NCUSIF, administered by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the U.S. government.
All types of share accounts and deposits received at Members Cooperative Credit Union are insured, including:
- Certificates
- Checking
- IRAs
- Money markets
- Savings
- Trust accounts
Note: Safe deposit boxes aren’t insured.
Coverage examples
The type of account ownership can affect your coverage amount and increase insurance beyond $250,000. Our staff can work with you directly to understand your specific account types and your insurance coverage, as each situation is unique.
| Account ownership type | Example account | General insurance coverage |
|---|---|---|
|
Individual |
Savings, checking or money market: Self only, with no beneficiaries |
$250,000 |
|
Joint |
Savings, checking, money market, or share certificates: Multiple owners |
$250,000 in aggregate insurance for each owner |
|
Trust |
Formal or informal revocable trusts |
$250,000 per beneficiary |
For more information, check out these options
We exist to make our communities stronger, our employees happier, and our world better. That starts with making sure your money is protected.
Disclosures
This information is designed to give a general overview of share insurance. All actual claims for share insurance will be governed exclusively by information set forth in the credit union’s records and applicable federal statutes and regulations.
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