As a member of Alta Vista, you can have peace of mind knowing that your deposits are insured up to a combined $250,000 by the National Credit Union Administration (NCUA). IRA accounts are insured separately for the same amount.
NCUA is an independent agency of the United States Government that regulates, charters and insures the nation's federal credit unions. In addition, NCUA insures state chartered credit unions, like Alta Vista, which want and qualify for federal insurance.
Your deposits at the credit union are insured by the National Credit Union Share Insurance Fund (NCUSIF) or the Fund, an arm of the NCUA. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the Fund is managed by NCUA under the direction of the three-person NCUA Board.
Some important facts to remember about the safety of your money:
- Not one penny of insured savings has ever been lost by a member of a insured credit union
- The fund is currently at the strongest and best reserve level in its history
- As a member of an insured credit union, you do not pay directly for your share insurance protection
- There are even instances in which your money can be insured for more than $250,000. Simply ask us how!
Need more information? Give us a call.