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Facts to Know About Shares Insured by the NCUA

Every member's funds at Notre Dame Federal Credit Union are insured up to $100,000.00 by the National Credit Union Administration (NCUA). The NCUA is an independent agency of the U.S. Government, responsible for managing the National Credit Union Share Insurance Fund (NCUSIF). NCUA insurance protection on up to $100,000.00 is automatically in effect on all accounts.

Each member's funds are insured to $100,000.00 - that limitation applies to the total of a person's funds in regular shares, share certificates, and checking for which an insured credit is liable. IRA accounts are insured separately by the NCUA. So, share insurance is not increased, for example, by putting $100,000.00 into a regular share account and $100,000.00 in a share draft (checking) account in the same insured credit union. In that case, $100,00.00 is insured, not $200,000.00.