National Credit Union Administration
independent agency of the United States Government. NCUA regulates,
charters, and insures the nation's federal credit unions. The shares
in Riverside Community FCU are insured by the
National Credit Union Share Insurance Fund (NCUSIF) or the Fund, an
arm of NCUA. Established by Congress in 1970 to insure member share
accounts at federally insured credit unions, the Fund is managed by
NCUA under the direction of the three-person NCUA Board.
Your share insurance is similar to deposit insurance provided by the
Federal Deposit Insurance Corporation (FDIC). NCUSIF is very strong
and healthy and consistently exceeds it's target for insurance funds.
Most member accounts are insured up to the $250,000 federal limit.
Based on your account structure you could be insured for more than
$250,000 and backed by the full faith and credit of the United states
Government. Go to www.ncua.gov to
National Credit Union Share Insurance Fund
The National Credit Union Share Insurance Fund (NCUSIF) is the federal
fund created by Congress in 1970 to insure member's deposits in credit
unions up to the $250,000 federal limit. Administered by the National
Credit Union Administration, the NCUSIF is backed by the "full
faith and credit" of the U.S. Government.
You can use the new Electronic Share Insurance Estimator at the NCUA
web site in order to give you an idea as to the amount of coverage
your accounts at the Credit Union carry. Based on the type of deposit
account(s) you have, this estimator will determine how much those same
accounts are insured for.
Share Insurance Estimator