You can relax knowing your deposits are protected here at WSCU!

As a federally insured credit union, WSCU offers a safe place for you to save your money, with deposits insured up to at least $250,000 per individual depositor. The National Credit Union Administration (NCUA) is the independent agency that administers the National Credit Union Share Insurance Fund (NCUSIF). Like the FDIC’s Deposit Insurance Fund, the NCUSIF is a federal insurance fund backed by the full faith and credit of the United States government. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.

FAQs About NCUA Share Insurance

  • Is my money safe in a credit union?

    The NCUA is the independent federal agency that administers the National Credit Union Share Insurance Fund. Credit unions that are federally insured by the NCUA offer a safe place for you to save your money, with deposits insured up to $250,000 per individual depositor.

    Members have full NCUSIF coverage at each federally insured credit union where they are qualified members. While the NCUSIF coverage protects members at all federally insured credit unions from losses on a broad spectrum of savings and share draft products, it does not cover losses on money invested in mutual funds, stocks, bonds, life insurance policies, and annuities offered by affiliated entities.

  • How much of my money is protected?

    The NCUSIF provides all members of federally insured credit unions with $250,000 in coverage for their single ownership accounts. These accounts include regular shares, debit accounts, money market accounts, and certificates. Individuals with account balances totaling $250,000 or less at the same insured credit union are fully insured.

    If a person has more than $250,000 at any single credit union, several options are available for additional share insurance coverage because, the NCUSIF provides separate insurance for other accounts.

  • Is it possible to have more than $250,000 at one federally insured credit union and still be fully covered?

    You may qualify for more than $250,000 in coverage at one insured credit union if you own share accounts in different ownership categories. The most common account ownership categories for individual and family shares are single owner accounts, joint accounts, certain retirement accounts such as an IRA, Roth IRA, and Keogh accounts, revocable trust accounts, and irrevocable trust accounts

  • How do I know my credit union is covered?

    Look for the NCUA share insurance sign pictured below or use the NCUA Credit Union Locator on MyCreditUnion.gov to find a federally insured credit union.

  • Where can I get more information about share insurance?

    Visit the NCUA’s YouTube channel to access videos on NCUA’s share insurance coverage and how to use the NCUA Share Insurance Estimator to calculate your coverage.

    Learn More

Highlights

How It Helps You

How It Works

Save Money  Saves Money

This coverage is free

Peace of Mind  Peace of Mind

Your savings are insured federally by the NCUA for balances up to $250,000

Even More To Love

Check out these other great products and services from WSCU!

DEBIT/CHECKING

Choose from three types of Debit/Checking accounts to fit your lifestyle!

MYFUND SAVINGS

Got your eye on something special, like a vacation? Dedicate yourself to saving towards that with the MyFund Account.

Questions About NCUA Share Insurance?

Visit NCUA’s website for full details.

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