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Share Insurance Toolkits

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Credit unions encourage their members to save regularly to build economic security for themselves and their families.

National Credit Union Administration

UKRFCU is regulated by the National Credit Union Administration (NCUA) and insured by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States government. UKRFCU offers a safe place for you to save your money, with deposits insured up to at least $250,000 per individual depositor. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, NCUSIF is similar to deposit insurance coverage provided by the Federal Deposit Insurance Corporation.

This one-page flyer is easy to follow and highlights the basic share insurance coverage provided by NCUA for various account ownership types.

The Share Insurance Fund is backed by 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. The Share Insurance Fund maintains at or near 1.30 percent of federally insured credit union deposits. By law, federally insured credit unions maintain one percent of their deposits in the Share Insurance Fund, and the NCUA Board can levy a premium if necessary.

Share Insurance Estimator

The NCUA Share Insurance Estimator lets consumers, credit unions, and their members know how its share insurance rules apply to member share accounts—what’s insured and what portion (if any) exceeds coverage limits. Click here to use the Share Insurance Estimator.

Calculate the amount of your insured funds at a federally insured credit union using NCUA’s Share Insurance Estimator. The estimator can be used for personal, business or government accounts. Personal accounts include individual ownership, joint ownership, payable-on-death (accounts with named beneficiaries), living trusts and IRAs. The Estimator also includes an extensive Glossary of Terms and Frequently Asked Questions.

Why is the NCUSIF Share Insurance Coverage important?

Share insurance coverage offered through the NCUSIF protects members against losses if a federally insured credit union should fail. You can confidently join and conduct business with federally insured credit unions because no member has ever lost a penny from accounts insured by the NCUSIF. Historically, insured funds are available to members within just a few days after the closing of an insured credit union. Failures of federally insured credit unions are rare because only those with sound operational standards qualify to receive NCUSIF coverage. The NCUA also regularly reviews the operations of all federal credit unions and works closely with state regulatory authorities to evaluate federally insured, state-chartered credit unions. Learn more by clicking here.

Learn more about Share Insurance by clicking here.