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We Have You Covered

Credit unions' federal insurance fund--the National Credit Union Share Insurance Fund (NCUSIF)--is the healthiest of the federal financial institution insurance funds, according to deposit insurance experts.

It's an extra measure of protection for your money in share savings, share draft/checking, money market, share certificate, trust fund, and retirement accounts. Depending on the type and ownership of accounts, you could have more than $1 million in deposit insurance coverage.

Your credit union participates in NCUSIF by depositing an amount equal to 1% of insured savings. NCUSIF invests those funds and uses the earnings to pay its operating expenses and to absorb losses from failed credit unions.

Talk to someone at your credit union for more information or visit www.ncua.gov for details.