Transcription of Your Insured Funds Booklet
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Your Insured Funds Booklet
YOURINSUREDFUNDSN ational Credit Union AdministrationOffice of Consumer Financial National Credit Union Administration (NCUA) operates the National Credit Union Share insurance fund (NCUSIF) to protect accounts at federally Insured credit unions up to $250,000. The $250,000 in coverage applies to each share owner, per Insured credit union, for each account ownership category. This Booklet provides examples of insurance coverage under the NCUA s the scope of this Booklet is limited, credit union members should contact their federally Insured credit unions or the NCUA s Office of Consumer Financial Protection for further share insurance coverage details about situations not addressed in this information for the Office of Consumer Financial Protection is available on the back cover of this Booklet .
7 SHARE INSURANCE COVERAGE Properly established share accounts in federally insured credit unions are insured up to $250,000. Generally, if a credit union member has more
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