Federal Deposit Insurance

At Central Credit Union, you never have to worry about the safety of your deposits. Your deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. Government agency. This is the same amount of coverage provided for bank deposits through FDIC-insured banks.

Individual retirement accounts (IRAs) are insured separately for up to $250,000 per person. Insurance limits may be even higher depending on how your accounts are titled.

According to NCUA, “Not one penny of insured savings as ever been lost by a member of a federally insured credit union."