|
Your accounts are backed by the National Credit Union Share Insurance Fund (NCUSIF), a fund maintained by the U.S. Treasury and administered by the National Credit Union Administration (NCUA). NCUA coverage is to credit unions as FDIC, or Federal Deposit Insurance Corporation, coverage is to banks. Both funds are backed by the full faith and credit of the U.S. government.
On May 20, 2009, the enactment of the Helping Families Save their Homes Act of 2009 extended, through December 31, 2013, the temporary increase in NCUA’s standard maximum share insurance amount from $100,000 to $250,000.
CAMPUS members will continue to enjoy the additional insurance coverage provided by Excess Share Insurance (ESI). Excess Share Insurance is a subsidiary of American Share insurance, the nation's largest private deposit insurer of credit unions. This entitles members up to an additional $250,000 of coverage per account.
|