Your Savings are Insured up to at least $500,000
Savings at Expedition Credit Union are federally insured by the NCUA through its National Credit Union Share Insurance Fund (NCUSIF) up to at
least $250,000 per member, and additional private insurance is provided up to $250,000 per member
by the Excess Share Insurance Corporation (ESI), for combined coverage of at least $500,000 - the
highest level of combined federal/private share savings insurance available. In addition, certain
retirement accounts are insured separately — up to $250,000 by NCUA and up to $250,000 by ESI -
for a total of up to $500,000 per member. So, by maintaining your non-retirement savings and your
IRA at the credit union, you could have a combined savings insurance of at least $1,000,000.
National Credit Union Share Insurance Fund (NCUSIF)
Your accounts are backed by NCUSIF, a fund maintained by the U.S. Treasury and administered by
the National Credit Union Administration (NCUA). Federal insurance protects your money in savings,
checking, Money Market, certificates, trust, and retirement accounts.
NCUA coverage is to credit unions as FDIC, or Federal Deposit Insurance Corporation, coverage is
to banks. Both funds are backed by the full faith and credit of the U.S. government. For more
information, please review How Your Accounts Are Federally Insured. provided by NCUA.
Not one penny of insured savings has ever been lost by a member of a federally insured credit
union. As a member of Expedition CU, you do not pay directly for your share insurance protection.
Expedition CU pays into the NCUSIF a deposit based on the total amount of insured shares in the
Savings Protection Increased with Excess Share Insurance
Member share savings in Expedition CU are also protected through our affiliation with the Excess
Share Insurance Corporation, a licensed property and casualty insurer. Excess Share Insurance
Corporation's extended coverage offers the convenience of maintaining all your savings at one
financial institution without sacrificing insurance protection. For more information on this
additional insurance, please feel free to contact
us or visit Excess Share Insurance Corporation.