Offering the highest level of combined federal and private share insurance - Savings are federally insured to at least $250,000 (per member) by the National Credit Union Administration (NCUA), a U.S. Government Agency with an additional $250,000 of savings insurance through Excess Share Insurance Corporation (ESI), a private company. This means accounts are insured to at least $500,000. 

Individual Retirement Accounts are federally insured to at least $250,000 (per member), by the National Credit Union Administration (NCUA), a U.S. Government Agency with an additional $250,000 of savings insurance through Excess Share Insurance Corporation (ESI), a private company. This means accounts may be protected to at least $500,000.

$250,000 NCUA Share Insurance Protection Now Permanent (Media Release 7/22/10)

Federally Insured Funds - Revised May 2009 (NCUA Brochure)

Generally, if a Credit Union member has more than one savings account in the same insured Credit Union, those accounts are added together and are insured to at least $250,000. There are exceptions, however. If a member has a regular Share Account and an Individual Retirement Account (IRA) in the same Credit Union, each account is insured to at least $500,000 through NCUA. The NCUA insurance booklet gives a more detailed explanation of insurance coverage.

Savings Insured by NCUA: Not one penny of insured savings has ever been lost by a member of a federally insured credit union. The federal insurance fund has several programs to help insured Credit Unions which may be experiencing problems, and liquidations or failures are usually done only as a last resort. If a federally insured credit union does fail, however, the National Credit Union Administration will normally make any necessary payouts within two weeks of the time the credit union closes its doors.

Insured Credit Unions are required to deposit and maintain 1% of their insured shares in the NCUA insurance fund. The fund is currently at the strongest and best reserved level in its history. Historically, deposit insurance funds strive for a ratio of equity to insured savings of a least 1%. NCUA ratio of equity to insured savings ranges from 1.25% to 1.30%.

As a member of Atlantic Regional Federal Credit Union, you do not pay directly for your Share Insurance protection. Atlantic Regional Federal Credit Union pays into the NCUA a deposit based on the total amount of insured shares in the Credit Union.

Disclaimer: Third-party website links are provided by Atlantic Regional Federal Credit Union as a courtesy to our members. These websites are neither owned, operated, nor endorsed by Atlantic Regional and we are not responsible for the content of these sites, nor do we control their availability. You will be leaving the credit union's website. Atlantic Regional does not represent either the third party nor the member if the two enter into any transaction. Privacy and security policies may differ from those practiced by Atlantic Regional Federal Credit Union.