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Checking accounts
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Share (savings) accounts including FAT CAT®, Zard®, and other types of share accounts
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Money Market Share Accounts
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Share Term Certificates (STCs)
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Individual Retirement Accounts (IRAs) - traditional, Roth, and SEP
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Coverdell Education Savings Accounts (CESAs)
Coverage amount rules
NCUA Share Insurance covers up to $250,000 in each member’s account separately, based on the ownership category. The most common ownership categories are Individual, Joint, Retirement, Revocable Trust (including Payable On Death [POD] Accounts and certain Health Savings Accounts [HSAs]), and Irrevocable Trust Accounts (including CESAs). Deposits in Trust Accounts, including POD accounts, may have additional insurance coverage depending on the number of each owner’s named beneficiaries.
| Ownership type | Coverage amount | Explanation |
|---|---|---|
| Individual | $250,000 | Total amount in qualifying individual accounts combined |
| Joint | $250,000 per owner | Amount per each owner’s interest in qualifying joint accounts combined |
| Retirement | $250,000 per owner | Amount in all traditional, Roth and SEP-IRAs combined Beneficiaries do not change coverage amount |
| Payable on Death and Revocable Trust | May qualify for up to $250,000 per named beneficiary | Amount per beneficiary, for each owner Special rules for accounts with six or more beneficiaries |
| Irrevocable Trust and Coverdell ESAs | May qualify for up to $250,000 per named beneficiary | Amount per beneficiary, for each owner |
For more information, consult the Share Insurance Coverage Overview on MyCreditUnion.gov.
If you have questions regarding NCUA insurance, contact your local branch, Member Services Support at (888) 732-8562, or submit a secure message in Member Access.
