News
- NCUA
Insurance Increased
 The
October 3, 2008 passage of the Emergency Economic
Stabilization Act of 2008 will require NCUA to
immediately increase share insurance protection to
$250,000 on all types of accounts until December 31,
2013. NCUA is reviewing all share insurance coverage
materials included on the Internet Share Insurance Tool
Kit, such as the Your Insured Funds brochure and print
advertisement, to make needed revisions. Revised
documents reflecting $250,000 coverage are
available here.
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 nearly 89
million accounts in all federal credit unions and the
overwhelming majority of state-chartered credit unions.
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