Your Insured Funds
As your credit union, we’re your financial steward, advocating for your financial well-being and protecting the assets you’ve entrusted to our care.
Federally Insured by NCUA
The National Credit Union Administration (NCUA) operates the National Credit Union Share Insurance Fund (NCUSIF) to protect accounts at federally insured credit unions, such as Visions, for up to $250,000.
No member of a federally insured credit union has ever lost one penny of insured savings.
The $250,000 in coverage applies to each share owner, per insured credit union, for each account ownership category. (Examples of account ownership categories that may indicate additional NCUSIF coverage for your membership are included in the FAQ below for your reference.)
Remember to review your accounts periodically, whenever you open new accounts or modify existing accounts, to ensure your funds remain insured.
- NCUA’s online Share Insurance Estimator is available to help members compute the amount of NCUSIF coverage available under different account scenarios.
Understand Your Share Insurance Protection
Federally insured credit unions are required to indicate our insured status in advertising and to display the official NCUSIF insurance sign in offices, branches, and online. If you scroll down, the corresponding logo is in the bottom right corner of our website.
Here are the basics about our share insurance coverage for members:
- Shares at Visions are insured by NCUSIF, which is operated by the NCUA and backed by the full faith and credit of the US government
- NCUSIF coverage is comparable to the deposit insurance coverage offered by the Federal Deposit Insurance Corporation (FDIC), which insures deposits at commercial banks
- No credit union may terminate its federal insurance without first notifying its members
- At Visions, you do not pay directly for share insurance protection
- Visions pays a deposit and an insurance premium into the NCUSIF based on the total amount of insured shares and deposits in our credit union
- Visions is required to deposit and maintain one percent of our insured shares and deposits in the NCUSIF
According to NCUA, in the event of credit union hardship:
- The NCUSIF has several programs to help insured credit unions that might be experiencing problems
- In the rare instances when a federally insured credit union does fail, the NCUA will make payouts to the credit union’s members
- No member of a federally insured credit union has ever lost one penny of insured savings
About the NCUA
The National Credit Union Administration, commonly referred to as NCUA, is an independent agency of the United States government that regulates, charters, and supervises federal credit unions. NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF). Backed by the full faith and credit of the U.S. government, the NCUSIF insures the accounts of millions of account holders in all federal credit unions and the vast majority of state-chartered credit unions. See ncua.gov for details.
Frequently Asked Questions (FAQ)
- Why is NCUSIF Share Insurance Coverage Important?
- What Basic Coverage is Provided by the NCUSIF?
- Does the NCUSIF Provide Additional Coverage?
More Information
- Your Insured Funds
- NCUA Office of Consumer Financial Protection at mycreditunion.gov or 800.755.1030, option 1
- NCUA Rules and Regulations* relating to share insurance coverage are published in the Code of Federal Regulations (12 C.F.R. Part 745). You can find the NCUA’s insurance regulations at ncua.gov
*The Federal Credit Union Act and the NCUA rules on share insurance coverage control how accounts will be insured at each federally insured credit union. No persons may imply a federally insured credit union can offer coverage that differs from this formal structure.