NCUA DEPOSIT INSURANCE
PROVIDING YOU WITH YOUR FAIR SHARE.
Effective May 20, 2009: The Helping Families Save Their Homes Act of 2009 extends the insurance protection increase of share insurance protection to $250,000 on all types of deposit accounts to December 31, 2013.
This means that all CommunityAmerica deposit accounts are now federally insured up to $250,000 through the National Credit Union Share Insurance Fund (NCUSIF), which is an arm of the National Credit Union Administration (NCUA). IRAs and IRA Certificates are separately insured by NCUA up to $250,000, up to a total amount of $500,000.
CLICK HERE TO ESTIMATE YOUR SHARE INSURANCE.
WHAT IS THE NCUA?
The NCUA is an independent agency of the U.S. Government established by Congress to insure savings accounts and maintain sound conditions in the Credit Union system. It's similar to FDIC insurance provided
by banks.
WHAT ACCOUNTS ARE INSURED THROUGH NCUA?
Your credit union share savings account(s), checking account(s), Certificates of Deposit account(s) and money market account(s).
The NCUA Insurance Call Center, operating from 8:00 a.m. to 6:30 p.m. (EDT) Monday through Friday, has insurance experts available to answer questions about the coverage provided by NCUA share insurance. The toll-free Insurance Call Center number is 1-800-755-1030, extension 1.
The NCUA electronic tool kit, online at http://www.ncua.gov/ShareInsurance/Index.htm, contains a variety of useful information on share insurance coverage.
HOW MUCH ARE MY ACCOUNTS INSURED UP TO?
INDIVIDUAL DEPOSIT ACCOUNTS - accounts held by the same member are added together and are insured up to $250,000.
JOINT DEPOSIT ACCOUNTS - are insured separately from individual accounts and are insured up to $250,000.
ADDITIONAL INSURANCE AVAILABLE ON PRIMARY SAVINGS ACCOUNTS
In addition, CommunityAmerica also has Excess Share Insurance (ESI) which insures primary savings accounts (i.e., 00 suffix: regular share savings or trust) that are over $250,000 for an additional $250,000.
CLICK HERE TO FIND OUT MORE ABOUT EXCESS SHARE INSURANCE (ESI)
CommunityAmerica Credit Union knows you have dozens of choices on where to put your money. There are banks on every corner, each with a reason why you should deposit your money with them. But can any of them offer you ownership? At CommunityAmerica, membership means ownership. Join in to see what membership can mean for you.