Co-op Services Credit Union is backed by National Credit Union Administration (NCUA) federal insurance, which protects your money. The passage of the Emergency Economic Stabilization Act of 2008 increased NCUA coverage to $250,000. Funds may be insured for even more than $250,000, depending on how your accounts are established.

NCUA explanation of insurance coverage.

Your accounts are protected by the National Credit Union Share Insurance Fund (NCUSIF), a fund maintained by the U.S. Treasury and administered by the NCUA. Federal insurance protects your money in share savings, share draft/checking, money market, share certificate, trust, and retirement accounts.

NCUA coverage is to credit unions as Federal Deposit Insurance Corporation (FDIC) coverage is to banks. Both funds are backed by the full faith and credit of the U.S. government.

In addition, Co-op Services Credit Union operates with a safety net of additional capital. And, we maintain an "allowance for loan losses." This additional cushion anticipates losses when some members fail to repay loans. Our records are examined regularly by our regulators to make sure that we are engaging in safe and sound operations.

Your money is safe and sound at Co-op Services Credit Union!

For more information on the NCUA and insurance coverage, visit http://www.ncua.gov/ShareInsurance or call Co-op Services
Credit Union at 800-321-8570 ext. 200.