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The National Credit Union Administration (NCUA) is the federal government agency that monitors and regulates the financial soundness and stability of federal credit unions. The NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF) which provides federal insurance on all credit union deposits for at least $250,000 backed by the full faith and credit of the United States Government.

Why is the NCUSIF Share Insurance Coverage Important?
Share insurance coverage offered through the NCUSIF protects members against losses if a federally insured credit union should fail. You can confidently join and conduct business with federally insured credit unions because no member has ever lost money insured by the NCUSIF.

Where can I find information about the NCUA, the NCUSIF and share insurance coverage?
You may find information about these topics at This website contains useful information and tools on share insurance coverage, including a brochure entitled "How Your Accounts Are Federally Insured".

Please see the PDF brochure, provided by the NCUA, for more information.

Adobe PDF How Your Accounts are Federally Insured

Share Insurance & Your Credit Union FAQs

BCU is a state chartered, federally insured credit union. We are regularly monitored in regards to our financial stability and solidity by the National Credit Union Association (NCUA). BCU is classified as a well capitalized institution, which is the highest regulatory capital designation for safety and soundness.

Are BCU member deposits federally insured?
Yes, each member’s savings is insured to at least $250,000 and Individual Retirement Accounts are insured up to $250,000.

Are BCU member deposits insured by the FDIC?
No, we are insured by the NCUA.

Who insures the deposits at BCU?
The NCUSIF – National Credit Union Share Insurance Fund. The NCUA and the FDIC are backed by the full faith and credit of the United States Government. The NCUA is a federal government agency that charters and supervises federally insured credit unions. The NCUA operates and manages the National Credit Union Share Insurance Fund (NCUSIF) which insures the account of millions of account holders in credit unions, including BCU.

How does NCUSIF share insurance protect credit union members against loss?
Each credit union approved for NCUSIF share insurance must meet high standards of safety and soundness in its operation. Adherence to these standards is determined regularly through credit union examinations by federal and state examiners.

Are my deposits at BCU just as safe as that of a federally insured bank?
Absolutely, BCU member deposits are guaranteed under the National Credit Union Share Insurance Fund (NCUSIF) to the same levels and safety as Federal Deposit Insurance Corporation (FDIC) insured accounts. The NCUSIF, like the FDIC, is backed by the full faith and credit of the United States Government.

What types of accounts are insured?
All types of member share accounts and deposits received by the credit union in its usual course of business, including regular shares, share certificates, and share draft accounts are insured. Investment products offered by Investment Advisor Services to its members, such as mutual deposits, annuities, and other non deposit investments are not insured by the NCUSIF.

What is the Standard Maximum Share Insurance Amount (SMSIA) for NCUSIF share insurance coverage?
The SMSIA for a credit union member is defined in NCUA’s Rules and Regulations, as $250,000. Share accounts maintained in different rights or capacities, or forms of ownership, may each be separately insured up to the $250,000 SMSIA, or in the case of certain retirement accounts, up to $250,000. Thus, a member may hold or have an interest in more than one separately insured share account in the same insured credit union.

How do I contact the NCUA?
You can visit the NCUA website at, or call 800.755.1030 Monday through Friday 8:00am-6:30pm (EST).

How do I calculate share insurance on my account?
The NCUA provides a Share Insurance Estimator* to help consumers understand the share insurance coverage on accounts. This is a free resource available on the NCUA website.

*Protecting the privacy of consumer information is very important to the National Credit Union Administration. For this reason, E-SIC does not require any confidential or personally identifiable information, nor does it store information after you complete a specific user session. Moreover, users can enter an owner's name by using their real name (Joe Smith), their relationship in the family group (Husband), or numerically (Owner1). The names of beneficiaries (if applicable) can be similarly entered.

In addition, as an extra measure of safety, the system is programmed so no account group information for the session is transferred over the Internet.