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We at First Harvest Credit Union want you to feel secure knowing your funds at the credit union are protected. At First Harvest, your deposits are insured up to $500,000 through the following two combinations:

  1. Federal insurance provided by the National Credit Union Share Insurance Fund (NCUSIF) – the credit union counterpart of FDIC

    About NCUSIF: The National Credit Union Administration (NCUA) is the federal agency that charters and supervises federal credit unions. The NCUA insures savings in all federal credit unions nationwide through the NCUSIF. The NCUSIF is a federal fund backed by the full faith and credit of the U.S. government. 

  2. Private insurance by the Excess Share Insurance (ESI) Corporation

    About ESI Coverage: In addition to the deposit insurance provided by NCUSIF, First Harvest Credit Union chooses to provide additional coverage through Excess Share Insurance (ESI) Corporation.
    • The ESI coverage provides an additional $250,000 of coverage for savings and retirement accounts.
    • ESI Corporation is a subsidiary of American Share Insurance, the nation’s largest private deposit insurer for credit unions.
    • Members exceeding the maximum level of coverage provided by the NCUSIF are insured up to an additional $250,000 by ESI.

Coverage Example: 

 Account Type

NCUSIF Insurance

ESI Insurance


Savings Accounts*




Retirement Accounts**




*Statement Savings, Club Accounts, Checking, Certificates, Money Market Accounts, etc. (Money Market Accounts at the credit union are insured and should not be confused with Money Market Funds which are tied to an index.)
** IRA, Roth IRA, IRA Certificates, etc.

General Guidelines:

  • Generally, if a credit union member has more than one account, those accounts are added together and insured up to $500,000.
  • Joint, individual retirement and certain other account relationships are insured separately and are subject to other federal guidelines regarding insurance.
  • Individual Retirement Accounts (IRAs) are subject to separate coverage by NCUSIF up to $250,000 and are insured up to $500,000 with the addition of ESI’s maximum coverage, as shown in the chart above.
  • Excess Share Insurance is not affailiated with the NCUA or the federal government.
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