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Safe & Secure

Credit unions are closely regulated and very careful about how they manage their members' money.

Credit unions nationally have weathered the economic downturn by following conservative investment practices and living within their financial means.

With more than 6 percent asset growth in the first half of 2008 and increased federal deposit insurance of $250,000, credit unions are both safe and strong.

The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund that insures members’ deposits in all federal-chartered and most state-chartered credit unions, up to at least the $250,000 federal limit. The NCUSIF is backed by the "full faith and credit" of the U.S. Government. NCUSIF insures deposits at 98 percent of all credit unions.