Your Funds Are Safe at MemberSource Credit Union

Your deposits at MemberSource are insured by the National Credit Union Administration (NCUA).This is a federal agency that insures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government. This share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC).

Properly established deposit accounts are insured up to $100,000, with certain retirement accounts insured up to $250,000. As an added measure of security, MemberSource Credit Union members’ funds are also covered by Excess Share Insurance (ESI) which provides up to $250,000 of additional protection on member deposit accounts.

Not one penny of insured savings has ever been lost by a member of a federally insured credit union. If any credit union were ever to fail, the NCUSIF will make any necessary payouts to members – usually within 3 days from the time the credit union ceases operation.

If you would like to learn more about insured deposits, go to www.ncua.gov and click on the Share Insurance link under the Resources tab. You can also review a detailed explanation of insurance coverage by clicking on the NCUA Share Insurance Estimator link, or by requesting a copy of the Your Insured Funds brochure provided by the NCUA.