Share Insurance

The shares in Yakima Valley Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF) which is backed by the full faith and credit of the United States Government.

Share accounts are insured up to the Standard Maximum Share Insurance Amount (SMSIA1) which is $250,000 (The Emergency Economic Stabilzation Act of 2008 increased coverage from $100,000 to $250,000 through December 31, 2009). Retirement accounts, such as IRAs, are insured separately up to $250,000. "Your Insured Funds" brochures are available with complete details online at www.ncua.gov, or at any Credit Union office.

You can speak directly with an NCUA insurance expert. The NCUA Insurance Call Center, operating from 8 a.m. to 6:30 p.m. (EDT) Monday through Friday, has insurance experts available to answer questions about the coverage provided by NCUA share insurance. The toll-free Insurance Call Center number is 1-800-755-1030, extension 1.

Not one penny of insured savings has ever been lost by a member of a federally insured credit union. Insured credit unions are required to deposit and maintain one percent of their insured shares and deposits in the NCUSIF. The fund is currently at the strongest and best reserved level in its history.

As a member of Yakima Valley Credit Union, you do not pay directly for your share insurance protection. Your Credit Union pays into the NCUSIF a deposit, and an insurance assessment, based on the total amount of insured shares and deposits in the credit union.

For more information please call 248-1720 (800-347-9222 outside the Yakima calling area), send an e-mail, or visit any Yakima Valley Credit Union location.