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  Posted:  12/23/2013 16:11

Expanded NCUA Coverage

Increase in NCUA Deposit Insurance to $250,000

Funds deposited with Point Loma Credit Union are insured by the National Credit Union Administration, a U.S. Government Agency, and backed by the full faith and credit of the United States Government.

  • NCUA insurance is provided at no cost to you, the depositor.  (Premiums are paid by PLCU).
  • Not one penny of NCUA-insured savings has ever been lost by a member of a federally insured credit union.

The NCUA provides separate insurance coverage for deposits held in different ownership categories such as individual accounts, joint tenancy accounts, Individual Retirement Accounts (IRAs) and trust accounts.

Basic NCUA Deposit Insurance Coverage Limits*

Individual Accounts (owned by one person)

Joint Tenancy Accounts (two or more persons)

Trust Accounts (Revocable or Payable on Death)


IRAs and certain other retirement accounts

$250,000 per owner**

$250,000 per co-owner**

$250,000 per owner per beneficiary subject to specific limitations and requirements**

$250,000 per owner

* These deposit insurance coverage limits refer to the total of all deposits that an accountholder (or accountholders) has at each NCUA-insured credit union.  The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all NCUA requirements are met.

** The legislation authorizing the increase in deposit insurance coverage limits makes the change effective October 3, 2008, through December 31, 2013

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National Credit Union Association Equal Housing Lender America's Credit Unions

Your savings Federally insured to $250,000
by the NCUA, National Credit Union Administration,
a US government agency.  Point Loma Credit Union
is an Equal Housing Lender.

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