Closed Credit Unions
Administered by NCUA, the Share Insurance Fund insures individual accounts up to $250,000, and an individual’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund separately protects IRA and KEOGH retirement accounts up to $250,000 each, and also separately insures members’ revocable trust accounts (such as living trusts and payable-on-death) as well as irrevocable trust accounts. The Share Insurance Fund has the backing of the full faith and credit of the United States. Credit union members have never lost a penny of insured savings at a federally insured credit union.
NCUA’s online Share Insurance Estimator allows individuals to estimate their share insurance coverage.