$250,000 Deposit Insurance Extended

The Helping Families Save Their Homes Act of 2009 was signed into law May 20, 2009. It includes a provision that extends the $250,000 insurance limit for credit union members' deposits through December 31, 2013. The $250,000 deposit insurance provided by the National Credit Union Share Insurance Fund (NCUSIF) was scheduled to return to its previous limits December 31, 2009.

The National Credit Union Administration, with the backing and full faith and credit of the U.S. Government, operates and manages the National Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of nearly 90 million account holders in all federal credit unions and the majority of state-chartered credit unions.

Click here to learn more.