Savings accounts at credit unions are federally insured up to $250,000 by the National Credit Union Share Insurance Funds (NCUSIF), which is administered by the National Credit Union Administration (NCUA).
The fund is backed by the full faith and credit of the U.S. government. No taxpayer funds are used to support the (NCUA) or the (NCUSIF).
Use the NCUA Share Insurance Estimator to estimate the amount of insurance coverage based on specific scenarios.