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. 

NOTICE OF CHANGES IN TEMPORARY NCUA INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS: (6/24/11) - All funds in a "noninterest-bearing transaction account" are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and seperate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.

The term "noninterest-bearing transaction account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal ("NOW") account, money market deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.

Federally Insured Funds (NCUA Brochure .pdf)

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 Federally 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.