National Credit Union Share Insurance Fund

The National Credit Union Share Insurance Fund (NCUSIF) is a federal program that protects deposits in credit unions in the United States. Similar to how FDIC insurance protects bank customers, NCUSIF insures member deposits up to $250,000 per account holder, ensuring that members don’t lose their savings if a credit union fails. It is managed by the National Credit Union Administration (NCUA), which oversees credit unions and ensures they operate safely. This insurance helps promote public confidence in the credit union system and encourages saving among members.