Deposits insured up to $500,000 with combined Federal & Private Insurance
Federal Insurance coverage of your funds with the credit union is guaranteed up to $250,000. But we go even a step further, by providing every account with Excess Share Insurance for another $250,000 through ESI. Deposits are therefore insured up to $500,000 with combined Federal & Private Insurance.
Safety and security should be two major considerations when evaluating a financial institution. You can rest assure that your money is safe with Education First Credit Union. In fact, credit unions are one of the most secure of all financial organizations in the world.
Protected by the National Credit Union Administration (NCUA), an agency of the United States Government, members’ deposit accounts are insured for up to a combined total of $250,000. And, we provide Excess Share Insurance (ESI) for another $250,000 for a grand total of $500,000 in coverage per account. ESI provides $250,000 in coverage on top of the federal government’s $250,000. And because Individual Retirement Accounts (IRAs) are insured separately, they are now protected up to $500,000 as well.
ESI is a wholly owned subsidiary of American Share Insurance (ASI), the nation’s largest private deposit insurer, and insures only credit unions meeting its high standards.
If you would like more information about share savings insurance on your accounts, please contact us.