National Credit Union Administration
Your Savings are Federally Insured
Most people are familiar with the FDIC, which insures the deposits of banks. Credit unions have their own federal insurance protection from the National Credit Union Share Insurance Fund (NCUSIF), administered through the National Credit Union Administration (NCUA).
Your savings are insured to at least $250,000 by the NCUA, a U.S. Government Agency, and is backed by the full faith and credit of the United States. In short: your savings are safe with Financial Partners!
One difference between the NCUSIF and FDIC: the NCUSIF is funded completely by credit unions, not by taxpayers. For more information about the credit union insurance fund, visit NCUA's mycreditunion.gov website.
In certain circumstances, depending on account type and ownership, your accounts may be eligible for coverage in excess of $250,000. You can use NCUA’s Insurance Calculator to compute your coverage. Please call us at 800.950.7328 or schedule an appointment if you have any questions.