Calculate your insurance coverage
Your shares at Members 1st Credit Union are federally insured. Share insurance coverage is provided by the National Credit Union Administration (NCUA), an independent government agency that charters, regulates, and insures federal credit unions. Your shares are backed by our solid financial standing, however; the insurance protects members against loss if a federal credit union fails.
Member 1st Savings, Checking, Share Certificates,
and Money Market Accounts are insured to at least $250,000
Individual Accounts
Individual accounts are owned by one member. You are insured to at least $250,000 for combined balances in your Members 1st Savings, Checking, Share Certificates, and Money Market Accounts. Beneficiaries may increase coverage limits.
Joint Accounts
Joint accounts are owned by two or more members, to include your Members 1st Savings, Checking, Share Certificates, and Money Market Accounts. Each owner on the account is insured to at least $250,000. Beneficiaries may increase coverage limits.
Other types of Members 1st accounts that receive NCUA insurance coverage up to $250,000
Individual Retirement Arrangements (IRAs)
IRAs are personal savings plans that allow you to set aside money for retirement. The combined balances of all the accounts in your Traditional, Simplified Employee Pension (SEP), and Roth IRA plans are insured separately from your other Members 1st accounts to at least $250,000.
Deposit Trust Accounts
Deposit Trust Accounts are depository accounts that can hold funds designated by a legal trust. Deposit Trust Accounts are insured separately from your other Members 1st accounts. Each beneficiary is insured to at least $250,000 established under the trust arrangement.