Savings Account Insurance

Rest assured, your money is safe

Understanding NCUA Share Insurance Coverage

Knowing that your funds are secure is essential to peace of mind. Whether you have $1,000 in a savings account or $250,000 in a Share Certificate, be assured those funds are safe.

The money you have on deposit at Monterra Credit Union is federally insured by the National Credit Union Administration (NCUA), an independent government agency. The NCUA also manages the National Credit Union Share Insurance Fund (NCUSIF), which covers the accounts of millions of credit union members throughout the country.

With this kind of protection, you can conduct transactions with Monterra confidently. In the history of credit unions, no member has ever lost so much as a penny from accounts insured by the NCUIF.

Account Type Examples Balance Less Than $250,000 Balance More Than $250,000 Notes
IndividualSavings, Checking, Money Market, Share CertificatesCoveredUp to $250,000 protectedBalance refers to the total amount in combined accounts.
JointSavings, Checking, Money Market, Share CertificatesCoveredUp to $250,000 per owner protectedIf you have an individual and a joint account with Monterra, both are insured up to $250,000.
TrustFormal or Informal Revocable TrustCoveredUp to $250,000 per beneficiary protectedAmount per beneficiary for each owner
RetirementTraditional/Roth IRA, KeoghCoveredUp to $250,000 protectedBalance refers to Traditional and Roth IRAs combined; Keoghs insured separately

NOTE: The NCUIF does not cover losses on mutual funds, annuities, Treasury securities, stocks, bonds, and life insurance policies.  

For more insurance coverage details, visit the NCUA website:

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