NCUA SHARE INSURANCE

How are my accounts insured?
The shares, or deposits, in every federal credit union (including Tower) are insured by the National Credit Union Share Insurance Fund (NCUSIF), which is ma...
Thu, 6 Feb, 2020 at 7:34 AM
How do I maximize my coverage?
You may obtain additional NCUSIF insurance coverage on multiple accounts if you have different ownership interests or rights in these accounts, such as join...
Thu, 6 Feb, 2020 at 7:41 AM
Is Tower a safe place to deposit my savings?
Tower is a safe and sound financial institution. All Tower accounts are audited regularly by LarsonAllen LLP, an independent auditing firm. In the best inte...
Thu, 6 Feb, 2020 at 11:16 PM
Is the maximum insurance limit for all of my accounts $250,000?
No. Don't assume all of your accounts would be added together and insured up to a combined total of $250,000. Or that the grand total deposited in mult...
Thu, 6 Feb, 2020 at 11:17 PM
What happens if a credit union fails?
The NCUA would either transfer the insured depositor's account to another NCUA-insured credit union, or give the insured member a check equal to the ac...
Thu, 6 Feb, 2020 at 11:17 PM
What is not insured by the NCUSIF?
The NCUSIF does not insure the money individuals invest in stocks, bonds, municipal bonds, or other securities such as mutual funds (including money market ...
Thu, 6 Feb, 2020 at 11:20 PM
What is the NCUA?
The National Credit Union Administration (NCUA) is an independent U.S. Government Agency that regulates, charters, and insures the nation's federal cre...
Thu, 6 Feb, 2020 at 11:20 PM
What types of accounts are insured under NCUSIF coverage?
Your share accounts, including deposit accounts (Prime Share savings, checking, Club accounts, Share Certificates and Money Market accounts) are federally i...
Thu, 6 Feb, 2020 at 11:31 PM
Where can I get further insurance coverage details?
The NCUA Web site explains share insurance coverage in detail. The NCUA Share Insurance Estimator tool can help you calculate your share insurance protectio...
Fri, 7 Feb, 2020 at 12:09 AM