NCUA Share Insurance
Each member’s savings at Financial Plus Credit Union are insured up to at least $250,000 by the National Credit Union Administration (NCUA). NCUA is an independent agency of the United Sates Government that regulates charters and insures the nation’s Credit Unions. Private Insurance by Excess Share Insurance (ESI) coverage is in addition to the NCUA coverage for up to $250,000 per account. With the two combined insurances, your savings is insured up to at least $500,000.
If you are investing more than $500,000, Financial Plus offers different account ownership arrangements that can provide maximum insurance coverage on all your Financial Plus investment savings.
Individual Retirement Accounts are insured separately by the NCUA for up to $250,000 and by ESI for up to $250,000. The combined coverage for IRAs is up to $500,000.
More information regarding your deposit insurance coverage can be obtained by contacting Financial Plus Credit Union.