Credit union deposits are safe, secure and insured
As not-for-profit financial cooperatives, credit unions first priority is the people we serve. Recent bank failures have no connection to credit unions, but do emphasize how the credit union difference makes a clear difference for consumers.
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Credit union deposits are insured, safe and secure.
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Our deposits are insured up to $250,000 per individual depositor – the same level as any federally insured financial institution.
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Credit union members have never lost a penny of insured savings at an insured credit union.
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Learn more about the credit union difference at YourMoneyFurther.com
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Visit MyCreditUnion.gov for more information about the National Credit Union Share Insurance Fund coverage for consumers.
Your money is insured at a credit union. In fact, our credit union deposits are federally insured up to $250,000 per individual deposited, at the same level as any federally insured financial institution. The National Credit Union Share Insurance Fund is backed by the full faith and credit of the US government. In fact, no one has ever lost a single penny of insured funds at a federally insured credit union. Unlike the situation is Silicon Valley Bank, were only 5% of deposits were federally insured (leaving 95% of deposits without insurance protection), credit union data shows that nationally 92% of all member deposits are fully insured.
Credit union structure and member ownership emphasize the member-first mentality. Every credit union member has a vote, and we will never take unnecessary risks with your money.