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Account Regulations

NCUA Insurance Coverage

You trust SFPCU 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 Financial Services Representative 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

Individual Coverage

Individual Account Individual $250,000
Individual Retirement Account Retirement $250,000
Total $500,000

Family of Two

Individual Accounts Husband Individual $250,000
  Wife Individual $250,000
Joint Accounts* Husband and Wife (Joint) $500,000
Trust Accounts* Husband as Trustee for Wife $250,000
  Wife as Trustee for Husband $250,000
Individual Retirement Account Retirement - Husband $250,000
  Retirement - Wife $250,000
TOTAL $2,000,000

*This example assumes there are no beneficiaries on the account.Only Deposit Accounts are federally insured by the NCUA. Non-deposit investment products are not federally insured, involve investment risk including the possible loss of principal, may lose value and are not obligations of or guaranteed by the credit union or any affiliated entity. As of July 22, 2010 NCUSIF insurance has permanently been increased to $250,000.

Family of Four

Individual Accounts Husband Individual $250,000
  Wife Individual $250,000
  Child # 1 Individual $250,000
  Child # 2 Individual $250,000
Joint Accounts* Husband and Wife (Joint) $250,000
  Husband and Child # 1 (Joint) $250,000
  Wife and Child # 2 (Joint) $250,000
  Child # 1 and Child # 2 (Joint) $250,000
Trust Accounts* Husband as Trustee for Wife $250,000
  Wife as Trustee for Husband $250,000
  Husband as Trustee for Child # 1 $250,000
  Wife as Trustee for Child # 1 $250,000
  Husband as Trustee for Child # 2 $250,000
  Wife as Trustee for Child # 2 $250,000
Individual Retirement Account Retirement - Husband $250,000
  Retirement - Wife $250,000
TOTAL $4,000,000

*This example assumes there are no beneficiaries on the account.Only Deposit Accounts are federally insured by the NCUA. Non-deposit investment products are not federally insured, involve investment risk including the possible loss of principal, may lose value and are not obligations of or guaranteed by the credit union or any affiliated entity. As of July 22, 2010 NCUSIF insurance has permanently been increased to $250,000.

Watch an Informational Video about NCUA Insurance

Calculate Your Share Insurance

Use this calculator to run a report on the amount of coverage you have on your accounts.

Financial Services for First Responders
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