Your deposits are insured up to $250,000

Remember, your share accounts (deposits) are insured. Most credit unions, including First Tech, are insured by the National Credit Union Share insurance Fund (NCUSIF), which is backed by the U.S. government. With the passage of the economic rescue package, each individual account holder is insured up to $250,000 for standard share accounts (checking, savings, instant access, and certificate accounts) as well as an additional $250,000 for retirement accounts.

Maximize your coverage
There are ways to maximize your insurance coverage. If you have a First Tech regular share account and an IRA, your share account is insured up to $250,000 and your IRA is separately insured up to $250,000. However, if you personally have a savings account, certificate account, and a checking account, all held in your name only, the accounts are collectively insured up to $250,000.

If you have questions, please contact NCUA directly at 1-800-755-1030, press 1 for share insurance questions. The Consumer Assistance Center is open between 8 a.m. and 6 p.m. (EDT).

If you have deposits at federally insured banks, they are most likely insured by the FDIC, which works essentially the same as the NCUSIF. You can visit fdic.gov for more information.

Resources
NCUA's Share Insurance FAQ's
NCUA’s “How your accounts are insured” brochure