$250,000 Share Insurance


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$250,000 Share Insurance

On May 20, 2009, the Helping Families Save Their Homes Act of 2009 was signed into law. This law includes a provision that extends the increase from $100,000 to $250,000 in share insurance coverage through December 31, 2013. This increase in insurance, provided by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA), was originally enacted through the Emergency Economic Stabilization Act of 2008, and was set to expire on December 31, 2009.

The NCUA is an independent federal agency, with the backing of the full faith and credit of the U.S. government, that operates and manages the NCUSIF. They insure the deposits of nearly 90 million account holders in all federal credit unions and the majority of state-chartered credit unions. We are one of these state-chartered credit unions insured by the NCUSIF.

You can rest assured that your funds are safe and secure at GECU. Not one penny of insured savings has ever been lost by a member of a federally insured credit union, such as GECU.

For more information regarding the safety and security of your funds at GECU, please click here.

The NCUA also has an Insurance Call Center, which is staffed from 8:00 a.m. to 6:00 p.m. (EDT), Monday through Friday. Insurance experts are available to answer questions about NCUSIF coverage provided by the NCUA. The toll-free Insurance Call Center number is: 800.755.1030, ext. 1.

Additional resources:

How Your Accounts are Insured
A summary brochure that provides an overall description of NCUSIF coverage.

Your Insured Funds
A comprehensive brochure containing a detailed discussion of all available types of coverage offered by the NCUSIF. This brochure provides examples illustrating how the coverage actually works in practice.

NCUA Share Insurance Estimator
An online calculator that allows you to input data to compute the amount of NCUSIF coverage available under different types of accounts.

Share Insurance and You
An easy-to-use slide show that will walk you through the basics of share insurance. There are real-world examples to help you understand share insurance coverage.

NCUA Insurance FAQ Sheet
A brief review of some of the most frequently asked questions regarding the NCUSIF.


	- How Your Accounts are Insured Brochure - Your Insured Funds Brochure - NCUA Share Insurance Estimator - Share Insurance and You Slide Show - NCUA Insurance FAQ Sheet - Contact Us - Membership Application (pdf)