Excess Share Insurance

Excess Share Insurance

To further protect our members’ deposits, we provide the highest combination of federal/private share savings         deposit insurance available: $500,000, which includes savings accounts, checking accounts, money market accounts and certificates of deposit.

This exceptional level of protection is made possible through our affiliation with the Excess Share Insurance Corporation (ESI), a subsidiary of American Share Insurance, the nation’s largest private deposit insurer.

ESI provides members up to $100,000 in coverage, in addition to the standard $250,000 of share deposit insurance protection from the National Credit Union Administration (NCUA), an agency of the federal government.

Both ESI and NCUA offer coverage payable only upon failure and liquidation of the credit union. To qualify for ESI’s extended protection, your credit union is required to meet strict underwriting criteria and report monthly to ESI.

If you have questions regarding this valuable member benefit, please call 202.808.3600.

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