Your accounts are protected

With today’s uncertainty, TCU wants you to know we have you covered. Our deposit accounts are insured by the National Credit Union Administration (NCUA), which operates and manages the National Credit Union Share Insurance Fund (NCUSIF). Backed by the full faith and credit of the U.S. government, the NCUSIF insures the accounts of millions of account holders.

Share insurance coverage offered through the NCUSIF protects members against losses if a federally-insured credit union should fail. That means you can confidently join and conduct business with federally-insured credit unions, because no member has ever lost a penny from accounts insured by the NCUSIF.

If a person has more than $250,000 at any single credit union, several options are available for additional share insurance coverage. As indicated below, the NCUSIF provides separate insurance for various types of accounts. For more information about insurance coverage, please see How Your Accounts Are Federally Insured from the NCUA.

Example: If a member has a single account, they have $250,000 of coverage for funds in that account; if they also have a joint account with their spouse, each of them has $250,000 of coverage for funds in that account. Therefore, the member would have a total of $500,000 of coverage for funds in both accounts ($250,000 for the single account and $250,000 for the joint account), and their spouse would have $250,000 of coverage for funds in the joint account.

Note: The chart below is a summary of general coverage limits. For complete details on coverage and requirements for each account type, please see Your Insurance Funds from the NCUA.


Type of Account Description of Account Coverage Limit
Single ownership accounts All credit union account with a singe owner $250,000 for all single-ownership accounts owned by the same person at one institution
Joint accounts Accounts owned by two or more people with equal rights to withdraw money and no named beneficiaries $250,000 per account owner
Retirement accounts Traditional and Roth IRA accounts and KEOGH retirement accounts $250,000 total for all IRAs and $250,000 for KEOGH accounts
Revocable trusts Accounts owned by one or more people that name one or more beneficiaries to receive the funds upon death of the owner $250,000 per each named beneficiary
Irrevocable trusts Accounts owned by one or more people that name one or more beneficiaries to receive the funds upon death of the owner $250,000 per each named beneficiary