The National Credit Union Share Insurance Fund In 1970, Congress created the National Credit Union Share Insurance Fund (NCUSIF). (1) The NCUSIF “protects members’ accounts in federally insured credit unions,
Original funding of deposit insurance When funds are deposited in a bank account, they’re insured up to $250,000 by the United States Federal government, through the Federal Deposit Insurance Corporation
Credit Union Deposit Insurance is Funded by Credit Unions, Not Taxpayers In 1970, Congress created the National Credit Union Share Insurance Fund (NCUSIF or Share Insurance Fund or, simply, the
