NCUA Share Insurance
The National Credit Union Administration (NCUA) is an independent federal agency that insures the deposits of credit union members nationwide. Managed by the National Credit Union Administration Board, NCUA examines, supervises and insures both federally-chartered and qualifying state-chartered credit unions. Also managed by the NCUA Board, the National Credit Union Share Insurance Fund (NCUSIF) is a component of NCUA and was established by Congress on October 19, 1970 to insure member accounts. There are no charges or fees directly assessed to members for this coverage. NCUA provides up to $250,000 basic insured amount. General information regarding NCUA coverage is shown in the chart below.
NCUA Coverage Amounts (General Rules)
(Insured separately from individual accounts)
For complete details, please review SECU’s NCUA Share Insurance document and the Share Insurance section of the National Credit Union Administration website. Questions regarding NCUA insurance can be directed to a local branch or submitted in writing through secure message in Member Access.