Is My Credit Union Account Insured?Dated: May 05, 2023
In the United States, most credit unions are insured by the National Credit Union Administration (NCUA), which is a federal agency that operates the National Credit Union Share Insurance Fund (NCUSIF). This fund provides insurance coverage for up to $250,000 per depositor, per eligible credit union, for each ownership category. If you have different accounts, like individual accounts and joint accounts, each account may be covered up to the $250,000 limit.
Evergreen Credit Union is insured by the NCUA. You can check your coverage any time at the NCUA’s Share Insurance Estimator: https://mycreditunion.gov/insurance-estimator
In summary, if your credit union is protected by the NCUSIF and your account meets eligibility requirements, then your account is insured up to $250,000 per depositor. Insurance is per insured credit union for each ownership category.
Members looking to pass their funds to designated individuals or organizations after their death are referring to Payable on Death (POD) designations. You may add a POD to your account at any time by contacting us at the credit union. You will need to provide information about your beneficiaries, including their legal name, date of birth, and relationship to you.
Evergreen Credit Union is a full-service financial institution with an environmental focus in Neenah and Appleton, Wisconsin. Membership is open to everyone who lives or works in Outagamie, Waupaca, Waushara, Calumet, or Winnebago counties.