Your Coosa Pines FCU deposits are federally insured.
Deposits with Coosa Pines FCU are backed by the National Credit Union Share Insurance Fund (NCUSIF), a fund maintained by the U.S. Treasury and administered by the National Credit Union Administration (NCUA). Federal insurance protects deposits in Share savings, Share Draft checking, Money Market Share, Share certificate, and certain retirement accounts.
Passage of the Emergency Economic Stabilization Act of 2008 increased NCUA coverage from $100,000 to $250,000. Funds may be insured for more than $250,000, depending on how accounts are structured.
Additional Security from Excess Share Insurance, Inc.
In addition to the NCUA coverage, Coosa Pines FCU accounts are insured up to an additional $250,000 by Excess Share Insurance, Inc., a division of American Share Insurance, the nation’s largest provider of private share insurance for credit unions since 1974. As with NCUA coverage, ESI coverage may be more than $250,000 depending on the type and structure of the credit union accounts.
NOTE: For more information on account structure and deposit insurance, please contact a Member Service Representative.