Share Insurance Overview
The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund created by Congress in 1970 to insure member's deposits in federally insured credit unions. On July 22, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law and included permanently establishing NCUA’s standard maximum share insurance amount at $250,000. All deposit insurance resources reflect this higher level of coverage.
Administered by the National Credit Union Administration, the NCUSIF is backed by the full faith and credit of the U.S. Government.
How the Fund is Financed?
The NCUSIF maintains at or near 1.30 percent of federally insured credit union deposits. By law, federally insured credit unions maintain one percent of their deposits in the NCUSIF and the NCUA Board can levy a premium if necessary. Credit unions voluntarily capitalized the Fund in 1985 by depositing one percent of their deposits into the Fund.
No federal tax dollars have ever been placed in the Fund, and no member has ever lost money insured by the NCUSIF.
Share Insurance Toolkits for Credit Unions and for Individuals
- NCUA’s Share Insurance Toolkit for Credit Unions
contains a variety of helpful resources for credit unions including links to NCUA's Share Insurance Estimator and Frequently Asked Questions, and two Share Insurance publications available in English and Spanish. Credit unions can also view their capitalization deposit amount, estimate their operating fee, or sign up for NCUA’s electronic payment system. Also available are media releases; downloadable graphics, images, and publications; and Annual Reports and Statements on NCUA and its Share Insurance Fund.Individuals
- NCUA's Share Insurance Toolkit for Individual
contains a variety of helpful resources for consumers regarding NCUA's Share Insurance including how to determine if a credit union is federally insured, and what is covered by Share Insurance (view a share insurance video, use the Share Insurance Estimator, or view, print, or download two Share Insurance publications available in English and Spanish.