The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund that insures savings in all federal credit unions nationwide. It’s backed by the full faith and credit of the U.S. government—similar to the FDIC insurance at banks.

The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund that insures savings in all federal credit unions nationwide. It’s backed by the full faith and credit of the U.S. government—the same backing as FDIC insurance at banks.

The NCUSIF automatically insures eligible accounts up to at least $250,000 per depositor. This means your deposits are protected even if the credit union were to fail.

In addition to the deposit insurance provided by NCUSIF, First Harvest 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.

What deposit accounts are insured at First Harvest? Savings accounts that are eligible for up to $500,000 in deposit coverage include Statement Savings, Club Accounts, Checking Accounts, Share Certificates, and Money Market Accounts. Money Market Accounts at the credit union are insured and should not be confused with Money Market Funds which are tied to an index. Retirement accounts that are eligible for up to $500,000 in deposit coverage include Individual Retirement Accounts (IRAs), Roth IRAs, and IRA Certificates.