Member One Federal Credit Union

Want to Learn More How NCUA Insurance Works to Protect Our Members…

Enroll in our new NCUA Course to become better acquainted with how Member One is part of the NCUA, which protects its members in case of a Credit union failure. It is rare, but if it does happen. Because Member One is backed by the National Credit Union Administration, your deposits can be protected.

National Credit Union Insurance Fund guarantees that you’ll receive the money that you’re entitled to from your deposit account if the credit union goes under. It guarantees up to $250,000 per person, per institution, per ownership category.

The NCUA is a federal agency created by Congress to regulate credit unions and insure members’ monies. Like the Federal Deposit Insurance Corp., which insures bank deposits, the NCUA makes sure your credit union assets stay secure.

During this 4-hour class, we will discuss and cover the following objectives:

·        What types of Accounts are Insured and not Insured

·        Different Ownership Categories to Provide Additional Coverage for our Members

·        How to utilize and educate members on the Share Insurance Estimator

·        How to keep share deposits within the NCUA insurance limits

·        The importance of account records and insurability