Checking & Savings / Convenience Services / Excess Share Insurance
Your FCCU deposit accounts are insured up to $1 million
This exceptional coverage is achieved through a combination of federal and private insurance.
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Details
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What is Share Insurance?
Share insurance protects members' accounts in insured credit unions in the unlikely event of a credit union failure. Deposits at federally-insured credit unions, including FCCU, are insured up to $250,000 by the NCUA.
Coverage Per Member with Excess Insurance*
FCCU deposit accounts exceeding the maximum level of coverage provided by NCUA are also insured up to an additional $750,000 by Excess Share Insurance (ESI).
|
Account Type |
NCUA Coverage |
ESI Coverage |
Total Insured |
|
Individual |
$250,000 |
$750,000 |
$1,000,000 |
|
Joint |
$250,000 |
$750,000 |
$1,000,000 |
|
IRA |
$250,000 |
$750,000 |
$1,000,000 |
|
Business |
$250,000 |
$750,000 |
$1,000,000 |
*Example Only
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Resources
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Is the Money in My Account Safe?
Your financial institution is one of the safest places to store your hard-earned cash. The best part? All you have to do is open an account.
Learn More 4 MIN READ
How Does Share Insurance Work?
Share insurance coverage offered through the NCUSIF protects members against losses if a federally insured credit union should fail.
Learn More 4 MIN READ
Share Insurance Estimator
Calculate the insurance coverage of all types of share accounts offered by a federally insured credit union.
Learn More 5 MIN ACTIVITY
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