Your Savings at Navy Federal Credit Union Are Federally Insured

Your savings are federally insured and backed by Navy Federal’s solid financial standing.

• The National Credit Union Administration (NCUA), a U.S. Government Agency, insures your savings up to $100,000.
• The combined balances in your individual savings, certificate and checking accounts are insured up to a maximum of $100,000.
• Joint ownership can expand the overall insurance coverage. The combined balances in joint accounts are insured separately from individual accounts for up to $100,000 per name on the account. The most federal insurance coverage any member can have as a result of joint ownership is $100,000. (Example: If joint accounts total $200,000 and there are two owners on the account(s), each owner is insured for $100,000.)
• The funds in your IRA are insured up to $250,000.
• Trust Accounts are insured separately from any other accounts held by the trustee and provide up to $100,000 for each beneficiary per trustee.
• Custodial Accounts receive separate insurance coverage up to $100,000 for the combined balances in a minor's custodial account.

Maximizing NCUA Share Insurance Coverage

The chart below shows how you can maximize your share insurance coverage. Maintaining different combinations of accounts increases your coverage.

• Members with individual accounts (savings, checking and certificate accounts) are insured up to $100,000.
• You can increase your coverage if you are a joint owner on an account. Jointly owned accounts are insured separately up to $100,000.
• IRA accounts are insured separately up to $250,000.
• Trustee accounts are also insured separately for $100,000 for each combination of trustee and beneficiary.
• See the chart below for a few examples of how you can maximize your insurance coverage.

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Your Savings Are Federally Insured at Navy Federal Credit Union

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If you have further questions, call us at 1-888-842-NFCU (6328).