Click below to hear How Credit Union Savings are Insured by the Government.
http://www.cuna.org/cgi-php/offlink.php?nnlink_id=23667
Your money at USSCO Federal Credit Union is federally insured by the National Credit Union Administration (NCUA). The NCUA is an independent United States government agency that insures the deposits of credit union members nationwide. The NCUA examines, supervises and insures both federally-chartered and qualifying state-chartered credit unions.
Basic Facts for NCUA Insurance:
Members' individual accounts are insured up to $100,000
Includes funds in share, checking, money markets, and share certificate (CD) accounts
Individual accounts with same account holder are totaled and insured up to $100,000
Joint accounts are insured separately from individual accounts up to $100,000 per person. Ex: Husband and wife are joint on an account. That account would be insured up to $200,000. If they have more than one account, the accounts would be added together and would still only be insured for a total of $200,000.
IRAs are insured separately up to $250,000
There is no charge for share insurance protection
For more information on your individual account(s), please feel free to contact us at 814 266-4987 or talk to your local community manager. Ask for a brochure that describes the insurance coverage.