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Closed Credit Unions

Administered by NCUA, the National Credit Union 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 (i.e. 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. 

  1. Payment of Insured Share Accounts

  2. Payment of Insured Retirement Accounts

  3. Payment of Outstanding Loans

  4. Creditor Claims

  5. What if My Credit Union Closes Voluntarily?