NCUA Share Insurance

What is NCUA?

The National Credit Union Administration (NCUA) is an independent agency of the United States Government that regulates, charters, and insures the nation’s federal credit unions. The NCUA insures and regulates credit unions, while the Federal Deposit Insurance Corporation (FDIC) insures and regulates banks. Both regulatory institutions are backed by the full faith and credit of the United States government. An important differentiator to remember about credit unions: not one penny of insured savings has ever been lost by a member of a federally insured credit union.

Types of Account is Insured by the NCUA

All types of share accounts and deposits received by Citymark FCU are insured, including the following

• Regular Share Accounts

• Share Certificates

• Share Draft Accounts

In addition, retirement accounts are also insured, including Individual Retirement Accounts (IRAs). (ex. Roth IRA, Traditional IRA, and more)