MEMBERS, YOUR CREDIT UNION FUNDS ARE SECURE!! FEDERAL INSURANCE PROTECTION IS STRONG…
|
Your deposits at the GOVERNMENT PRINTING OFFICE FCU are safe and secure. Member deposits in federal and almost all state chartered credit unions are federally insured by the NCUA, through the National Credit Union Share Insurance Fund (NCUSIF). NCUSIF is in strong condition, secure, well-capitalized and backed by the full-faith and credit of the United States Government. Consumers who have federally insured funds in credit unions should rest assured that their deposits are safe up to at least $250,000.00 per account.
Updated News: $250,000 Share Insurance Protection Extended to 2013
On May 20, 2009, the enactment of the Helping Families Save their Homes Act of 2009 extended through December 31, 2013 the temporary increase in NCUA’s standard maximum share insurance amount from $100,000 to $250,000 per qualifying credit union member account. This higher limit applies to all types of share accounts, including regular shares, share drafts, money market accounts, and share certificates. The maximum coverage of $250,000 for Individual Retirement Accounts and Keogh accounts remains unchanged.
Use this NCUA Estimator to determine your credit union share insurance coverage.
The National Credit Union Administration is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 88 million accounts in all federal credit unions and the overwhelming majority of state-chartered credit unions.
|
|