As not-for-profit financial cooperatives, credit unions’ first priority is the people we serve. Recent bank failures have no connection to credit unions, but do emphasize how the credit union difference makes a clear difference for consumers.
Credit union deposits are insured, safe and secure.
Our deposits are insured up to $250,000 per individual depositor – the same level as any federally insured financial institution.
Credit union members have never lost a penny of insured savings at an insured credit union.
Visit https://ascentcu.com/ncua-share-insurance/ for more information about the National Credit Union Share Insurance Fund coverage for consumers.
-Article from cuna.org