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Seattle Credit Union is Federally Insured by the NCUA

  • NCUA is short for the National Credit Union Administration and is an independent federal government agency that charters and supervises federal credit unions and insures accounts in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF).
  • Congress established the Share Insurance Fund in 1970 to ensure member's shares.
  • The Share Insurance Fund is backed by the full faith and credit of the United States Government.
  • The Share Insurance Fund provides essentially the same coverage as the Federal Deposit Insurance Corporation's (FDIC) account insurance.
  • Not one penny of insured savings has ever been lost by a member of a federally insured credit union!
  • Your money is insured up to $250,000.

How does the NCUA Work?

For more information about how NCUA insurance works, click the links below or watch this straightforward, informative video.

NCUA Resources