You trust The Police Credit Union to safeguard your money, and we provide that protection through the National Credit Union Share Insurance Fund (NCUSIF), a fund backed by the U.S. government and administered by the National Credit Union Administration (NCUA). The NCUA is the governing body for federal credit unions and insures savings in credit unions throughout the country.
The NCUSIF insures most accounts up to $250,000, but your accounts can be covered beyond that amount based on the legal vesting of your accounts.
Contact us today if you have any questions about NCUA Insurance Coverage and its impact on your accounts.
Which Accounts Qualify for Coverage?
Individual accounts, joint accounts, trust accounts and Individual Retirement Accounts (IRA) qualify for share insurance coverage. Account owners generally have an aggregated maximum coverage of $250,000 per credit union and per category of coverage. Individual share accounts held by the same member are added together and are insured up to the $250,000.
Please note that the information below is intended for example purposes only. Each member’s financial situation varies based on account information. Please contact a Member Solution Specialist at 800.222.1391 regarding your specific situation, or for general questions about the coverage provided by NCUA share insurance, contact the NCUA Insurance Call Center between 5 a.m. and 3:30 p.m. (PST) Monday through Friday at 1.800.755.1030, extension 1.
Examples from NCUA