NCUA Insurance

Redmond Credit Union is Federally Insured by the NCUA

  • NCUA -- short for the National Credit Union Administration -- is an independent federal government agency that charters and supervises federal credit unions and insures accounts in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF).
  • Congress established the Share Insurance Fund in 1970 to insure member's shares.
  • The Share Insurance Fund is backed by the full faith and credit of the United States Government.
  • The Share Insurance Fund provides essentially the same coverage as the Federal Deposit Insurance Corporation's (FDIC) account insurance.
  • Not one penny of insured savings has ever been lost by a member of a federally insured credit union!
  • Your money is insured up to $250,000.


How does the NCUA Work?

For more information about how NCUA insurance works, click the links below or watch this straightforward, informative video.


NCUA Resources