NCUA SHARE INSURANCE
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
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
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
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 multi...
Thu, 6 Feb, 2020 at 11:17 PM
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 acc...
Thu, 6 Feb, 2020 at 11:17 PM
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
The National Credit Union Administration (NCUA) is an independent U.S. Government Agency that regulates, charters, and insures the nation's federal cred...
Thu, 6 Feb, 2020 at 11:20 PM
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
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