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NCUA Share Insurance

Properly established share accounts in federally insured credit unions are insured up to $250,000.

Generally, if a credit union member has more than one account in the same credit union of the same ownership, those accounts are added together and insured in the aggregate. There are exceptions though. You may obtain additional separate coverage on multiple accounts, but only if you have different ownership interests or rights in different types of accounts and you properly complete account forms and applications.

For example, if you have a single ownership regular share account and an Individual Retirement Account (IRA) at the same credit union, the regular share account is insured up to $250,000 and the IRA is separately insured up to $250,000. However, if you have a regular share account, a share certificate, and a share draft account, all in your own name and without any beneficiaries, you will not have additional coverage. Those accounts will be added together and insured up to $250,000 as your individual account. Additionally, shares denominated in foreign currencies are insured as outlined in NCUA Rule and Regulations.

A co-owners interest in all joint accounts in the same credit union will be added together and insured up to the maximum of $250,000.

Where can I find more information?

Call Toll-Free
1-800-755-1030, option 2

Read more about NCUA Share Insurance

Calculate share insurance coverage
Use NCUA’s Share Insurance Estimator