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NCUA Insurance Coverage

Here at SFPCU, we want you to be rest assured that your money is safe. Your deposited funds are protected by the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government, as administered by the National Credit Union Administration (NCUA). The NCUA is a government agency that charters and supervises federal credit unions and insures savings in credit unions across the country. NCUSIF insures most accounts up to $250,000, but there are many ways that your accounts can be insured for more than these amounts based on the legal vesting of your accounts.

The various types of SFPCU accounts that qualify for share insurance coverage include individual accounts, joint accounts, trust accounts and IRA accounts. 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. 

Informational Video About NCUA Insurance 

NCUA Share Insurance Estimator 

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

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

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.

*This example assumes there are no beneficiaries on the account.