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Your Credit Union Funds Are Safe Did you know the shares in your credit union are insured to at least $100,000 and backed by the full faith and credit of the United States Government, with additional coverage of up to $250,000 for certain retirement accounts? All credit unions, including Me/CU are insured by the National Credit Union Administration (NCUA), through the National Credit Union Share Insurance Fund (NCUSIF). In addition, Me/CU provides Excess Share Insurance (ESI) which helps protect the hard-earned savings of our credit union members. This unique program provides up to an additional $250,000 of insurance once a credit union member's balance exceeds the coverage provided by NCUA. It should make you rest easy to know not one penny of insured savings has ever been lost by a member of a federally insured credit union, according to the NCUA. You can find more information on federal share insurance by picking up the NCUA brochure Your Insured Funds at any branch or online, just click here to download. If you have more than $350,000 in share accounts with Me/CU, we may be able to help you restructure your accounts so you will have additional coverage. Although the maximums apply to your combined accounts on which you are primary owner, you may increase coverage by being a joint owner, rather than primary owner, for example, on some of those accounts. Give us a call.Win OU Sooners Game Tickets
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