Deposit Insurance | Lutheran Federal Credit Union
Serving the Lutheran Church-Missouri Synod Community
LutheranFCU. Good for You. Good for the Church.
All members of federally insured credit unions have $250,000 in coverage for their single ownership accounts.

Deposit Insurance

Credit unions are insured by the NCUSIF (National Credit Union Share Insurance Fund) just as banks are by the FDIC. NCUSIF is backed by the full faith and credit of the U.S. government and insures the accounts of millions of account holders in all federal credit unions. All members of federally insured credit unions have $250,000 in coverage for their single ownership accounts. Individuals with account balances totaling $250,000 or less at the same insured credit union are fully insured.