Keeping Members Safe
How you – and your funds – are safe at the credit union.
When you are a member at the credit union, you can rest easy knowing that your information and your funds are safe. Nothing is more important to us than our members. We keep your data safe by investing in the latest technology meant to safeguard your information and warn about potential threats to your account. Additionally, our processes undergo regular examination to ensure we are using the best practices for the membership.
Deposits are Insured by the NCUA
While we work hard to keep you safe through the credit union’s operations, the National Credit Union Administration insures the money that you keep on deposit. The National Credit Union Administration (NCUA) is an independent agency of the United States government that oversees federal credit unions and manages the fund that insures deposits for millions of account holders across the country. The Share Insurance Fund has the backing of the full faith and credit of the United States government. Credit union members have never lost even a penny of insured savings at a federally insured credit union like Community Plus.
- All members of Community Plus Federal Credit Union are covered up to $250,000 for a single ownership account. These accounts include regular shares, share drafts, money market accounts, and share certificates.
- Joint accounts are owned by two or more people. Each joint account holder is covered up to $250,000 for their aggregate interests at each federally insured credit union.
- Individual Retirement Accounts are separately protected up to $250,000.
The NCUA has additional information available to help you understand how your accounts are safe and protected. Visit their website or talk to a member of our team to have your questions answered.