MemberFocus is a federally insured credit union. Your deposits are insured through the National Credit Union Administration (NCUA) to at least $250,000 and backed by the full faith and credit of the United States Government. Not one penny of insured savings has ever been lost by a member of a federally insured credit union. To learn more about the NCUA’s share insurance fund, watch their four minute video here.
If your total deposits are at or above $250,000, you can use the share insurance estimator to see if your deposits are fully insured. If not, you may want to take steps such as adding a joint member or opening an IRA account to ensure all of your funds exceeding $250,000 will be insured by the NCUA.
Since our inception in 1935, our board of directors have delivered growth, resulting in total assets of nearly $100,000,000 while protecting our members from loss.