Your Funds Are Safe At Members Choice NCUA (National Credit Union Administration) insures our member's savings up to at least $250,000--with a higher total coverage available if the member has a combination of individual, joint, trust, payable-on-death and other accounts; there is also separate insurance coverage of up to $250,000 for individual retirement accounts.
NCUA is an agency of the federal government. NCUA recently reported the National Credit Union Share Insurance Fund at mid-year remained strong, with an equity-to-insured ratio estimated at 1.24% as of June 30th and projected to rise to 1.28% by year end.
For more information on federal share insurance, see the NCUA brochure "Your Insured Funds", available at this link:
Your Insured Funds
Presented by Credit Union National Assn. (CUNA), Washington, DC/July,2008