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Your Credit Union Deposits

are Federally Insured to at least $250,000

Credit unions remain a safe harbor for your savings and other accounts, despite economic woes, including the recent bank failures. Every credit union in Nebraska has federal deposit insurance just like FDIC insurance;  deposits are insured to at least $250,000 thanks to federal insurance—members' shares are backed by the full faith and credit of the United States.

There's no better time to be a credit union member.   No credit union member has ever lost a penny of federally insured deposits in a credit union. Virtually all credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF), which insures savings of at least up to $250,000 per account. Certain retirement accounts such as IRAs and Keoghs benefit from additional coverage of up to $250,000.

What does share insurance coverage mean for you?

    • If you have more than one single-ownership account at the credit union, all those account balances are added together and insured in the aggregate, to the maximum of $250,000.
    • If you have a joint account at the credit union, that account is insured separately from your individual account up to the $250,000 level, provided each of you has personally signed an account signature card and each of you has a right of withdrawal on the same basis. Each individual's interests in all jointly held accounts are added together and insured up to $250,000;
    • If you have accounts at more than one insured credit union, you have coverage up to the full insurable amount in each credit union. If your credit union has one or more branches, the main office and all branch offices are considered as one credit union;
    • If you have a revocable trust account, such as payable-on-death, living trust, or testamentary account, insurance coverage for each account is up to $250,000 per owner for each qualified beneficiary; and

While IRAs and Keogh accounts are insured separately from non retirement funds, with each type insured up to $250,000, funds in traditional IRAs and Roth IRAs are added together and insured in the aggregate up to $250,000. Coverdell Education Savings Accounts are treated as irrevocable trust accounts and added in with your other irrevocable trust account funds and insured separately up to $250,000.

 

$500.00 Fast Funds Loan

  • 5.00% APR*
  • Take up to 60 days to pay
  • No Credit Check!

We all have unexpected expenses. A Fast Funds Loan can help with those expenses...FAST! With a Fast Funds Loan you borrow $500 and take up to 60 days to pay.*

*APR effective as of 09/27/09 for 60 day term. Estimated payment on 60 day loan at 5.00% APR = $504.18 $25.00 application fee. Other restrictions apply, see a Loan Officer for details.