The National Credit Union Administration (NCUA) is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF, like the FDIC’s Deposit Insurance Fund, is a federal insurance fund backed by the full faith and credit of the U.S. Government. The NCUSIF insures member savings at ABE Federal Credit Union. Credit unions that are insured by NCUSIF must prominently display the official NCUA insurance sign. No credit union may terminate its federal insurance without first notifying its members. Your savings are federally ensured to at least $250,000.
Various helpful resources regarding NCUA’s share insurance protection.
- E-Calculator Share Insurance Estimator. On July 22, 2010 the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law and includes permanently establishing NCUA’s standard maximum share insurance amount to $250,000. All deposit insurance resources reflect this higher level of coverage.