Is my money SAFE? Absolutely! Credit Unions are chartered under either federal or state law. Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. State chartered credit unions are regulated by their state credit union department. NCUA administers the federal insurance fund (NCUSIF), which covers all federal credit unions and most state chartered credit unions.
Each member's savings are insured to the full legal limit of $250,000 by the National Credit Union Share Insurance Fund (NCUSIF) and that limitation applies to the total of a person's funds in regular shares, share certificates, and share draft accounts. There is no safer place for your money.