Deposit Spotlight: Your Money Is Protected — NCUA Insurance Reminder

When you save at Lincoln Park Community Credit Union, you deserve peace of mind. One of the biggest benefits of being a credit union member is knowing your deposits are federally insured — and protected with the same strength you’d expect from any major financial institution.

Here’s a quick, helpful reminder of how NCUA insurance works and what it means for you.

What is NCUA insurance?

LPCCU is federally insured by the National Credit Union Administration (NCUA). That means your eligible deposits are protected by the National Credit Union Share Insurance Fund (NCUSIF), backed by the full faith and credit of the U.S. Government. 

How much is insured?

NCUA share insurance covers deposits up to $250,000 per member, per ownership category.
 Ownership categories include things like:

  • Individual accounts
  • Joint accounts
  • IRA / retirement accounts
  • Trust accounts

In many cases, members can qualify for more than $250,000 total coverage by using multiple categories.

What accounts are covered?

NCUA insurance generally protects funds in:

  • Savings (share) accounts
  • Checking accounts
  • Money market accounts
  • Certificates (CDs)

If you’re not sure how your accounts are titled (or if you want to maximize coverage), we’re happy to help you review them.

Want to double-check your coverage?

You can:

  1. Review the official NCUA brochure
  2. Use the Share Insurance Estimator tool
  3. Or just call us — we’ll walk through it with you

Your savings should help you feel confident, not worried. At LPCCU, your money is safe, insured, and always working for you.

Learn more here: NCUA Insurance Information on LPCCU’s site. https://lpccu.coop/ncua-insurance-information/

Need help? Call us at 313.389.2300 or stop by the credit union anytime.