Your Money Is Insured by the NCUA, Insured Money Deposits, VFCU

Your Money Is Insured by the NCUA

Federal credit unions are increasingly gaining popularity for offering attractive rates for loans and savings accounts along with free checking. Unlike banks, credit unions offer a variety of ways to alter your credit score, gain financial security and experience the cohesion of community interaction. Extensive member support has allowed credit unions to flourish in today’s economy. People everywhere enjoy access to their money with convenient ATMs and mobile apps on their smartphones. Members get to manage their money while knowing that their deposits are insured by the National Credit Union Administration (NCUA).


The NCUA administers the National Credit Union Share Insurance Fund (NCUSIF). According to the NCUA, the NCUSIF is a national insurance fund with full support granted by the United States government. Money deposits of approximately 98% of all credit unions in the US are insured by the NCUSIF by up to $250,000 per individual depositor. The high coverage insurance of $250,000 was granted by Congress on July 22, 2010 as NCUA’s standard maximum insurance coverage. This provides increased protection of members’ money.

How To Know Your Money Is Insured

The NCUA states that a member will know their credit union is federally insured by viewing displayed NCUA insurance signs on their internet page and teller stations where insured account deposits are received. Visual assurance will also be provided in all branches and main locations. Members must be notified first before the credit union dismisses federal insurance security.

Contact Us

To learn more about insured money deposits by the NCUA, contact the team of the Harlingen branch of Valley Federal Credit Union at (956) 425-5668 or the Brownsville main office at (956) 546-3108. Experience security, perks and membership for life with your local federal credit union.