Deposit Insurance Information

An Introduction to Deposit Insurance and the NCUSIF

The National Credit Union Administration (NCUA) is an independent agency of the United States Government. The shares in the Lisbon Community Federal Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA.

Your share insurance is similar to deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC). Share accounts in federally insured credit unions are insured up to $250,000, an amount equal to the insurance protection offered by the FDIC. Individual Retirement Accounts (IRAs) are also insured up to $250,000, an amount equal to the insurance protection offered by the FDIC. Generally, if a credit union Member has more than one account in the same insured credit union, those accounts are added together and are insured up to $250,000. If you would like more detailed information please visit the National Credit Union Administration web site.

Here are some important facts to remember about your share insurance:

  • Not one penny of insured savings has ever been lost by a member of a federally insured credit union
  • The Fund is currently at one of the strongest levels in its history
  • As a member of an insured credit union, you do not pay directly for your share insurance protection. Your Credit Union pays into the NCUSIF based on the total amount of insured shares and deposits in the credit union.

Back to Savings Products