Click Here to go back to the home page.

 

 
     
 

information pages

NCUA Insured

 

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency. Click here to learn more.National Credit Union Administration (NCUA)

An independent agency of the United States Government. NCUA regulates, charters, and insures the nation's federal credit unions. The shares in Members Choice Federal Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF) or the Fund, an arm of NCUA. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the Fund is managed by NCUA under the direction of the three-person NCUA Board.

Your share insurance is similar to deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC). NCUSIF is very strong and healthy and consistently exceeds it's target for insurance funds. Most member accounts are insured up to the $250,000 federal limit. Based on your account structure you could be insured for more than $250,000 and backed by the full faith and credit of the United states Government. Go to www.ncua.gov to learn more.

National Credit Union Share Insurance Fund

The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund created by Congress in 1970 to insure member's deposits in credit unions up to the $250,000 federal limit. Administered by the National Credit Union Administration, the NCUSIF is backed by the "full faith and credit" of the U.S. Government.

You can use the new Electronic Share Insurance Estimator at the NCUA web site in order to give you an idea as to the amount of coverage your accounts at the Credit Union carry. Based on the type of deposit account(s) you have, this estimator will determine how much those same accounts are insured for.

NCUA Electronic Share Insurance Estimator

 

 
 
   
 
© MembersChoice Federal Credit Union, 520 W. Patterson Dr., Bloomington, IN 47403, Phone: 812-336-7470, Fax: 812-331-3093. All Rights Reserved. Unauthorized account access or use is not permitted and may constitute a crime punishable by law. MembersChoice Federal Credit Union is not responsible for, the product, service, or overall website content available at a third-party site. Links to third-party sites are provided as a service only and are not an endorsement.