The safety of your money is an important consideration when you evaluate any financial institution. At U$X Federal Credit Union, you can be assured that your money is secure.
Your deposits in U$X FCU are insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the the National Credit Union Administration (NCUA) a federal agency. The cost of this important credit union benefit is borne by credit unions. As a member, you do not pay directly for your share insurance protection. Your deposits are not only insured by this federal fund, the fund is also fully backed by the U.S. government.
Deposit accounts in U$X FCU are insured up to $250,000. If a member has more than one individual account in U$X FCU, those accounts are added together and are insured up to $250,000. Deposits maintained in different legal ownership capacities may each be separately insured. There are numerous combinations of accounts which can increase the total coverage. Members are advised to review their account annually, or when they open a new account or modify existing accounts to ensure that all of their funds continue to be insured.
To learn more about your credit union savings (share) insurance and how to maximize your coverage, drop by your local U$X FCU branch office. We would be happy to answer any questions you may have.
Not one penny of insured savings has ever been lost by a member of a federally insured credit union.