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National Credit Union Administration (NCAU)


The NCUA is an independent Federal Government Agency that charters and supervises Federal Credit Unions and insures accounts in Federal and most Sate chartered Credit Union across the country through the National Credit Union Share Insurance Fund (NCUSIF), a Federal fund backed by the full faith and credit of the United Sates Government.


The NCUSIF protects member's accounts in federally insured Credit Unions, in the unlikely event of a Credit Union failure. In this Case, the NCUSIF covers the balance of each member's account, dollar-for-dollar up to the insurance limit, including principal and posted dividends trough the date of the failure. 


Properly established member accounts in federally insured Credit Unions are insured up to the Standard Maximum Share Amount (SMSA). The basic insurance amount is $250,000 per individual account holder, per federally insured Credit Union. This includes principal and posted dividends up to a total of $250,000. Joint account holders are insured up to $250,000 per joint account holder, per federally insured Credit Union. For example, an account with two joint holders is insured for $500,000 separately from the holders' individual accounts . This includes principal and posted dividends. IRA accounts are insured, separate from other accounts, up to $250,000, inculiding principal and posted dividends. 


For more information on how your money is insured through the NCUA, vist www.ncua.gov