IRAs are insured separately from other CPFCU deposit accounts. Individual Retirement Accounts are federally insured by the National Credit Union Administration up to $250,000. Up to $250,000 in additional insurance coverage on IRA deposits is provided by ESI (Excess Share Insurance, Inc.), a division of American Share Insurance, the nation’s largest provider of private share insurance since 1974.
Therefore, IRAs with Coosa Pines FCU have combined insurance coverage of up to $500,000, which is separate from the insurance covering all other credit union deposit accounts.
IRA Withholding Notice
Fees could reduce the earnings on the account.