Cooperative Federal accounts are federally insured to the maximum legal limit by the National Credit Union Administration (NCUA), a government agency. NCUA insurance is funded entirely by the credit union movement and backed by the full faith and credit of the United States of America. In addition to examinations conducted by NCUA, the Supervisory Committee conducts account verifications and oversees an annual audit conducted by a CPA firm. Officials and staff are bonded. Members' transactions are held in strict confidence.
NCUA insures individual accounts up to $250,000; retirement accounts/IRAs to $250,000.
To learn more about your account insurance, refer to NCUA website.
Note: Cooperative Federal is not responsible for content at outside websites.