Deposit Insurance
Through coverage provided by the National Credit Union Share Insurance Fund (NCUSIF), your deposits at SLFCU are backed by the full faith and credit of the United States government, up to the insured limit. Similar to the Deposit Insurance Fund managed by the FDIC, the NCUSIF is administered by the National Credit Union Administration (NCUA) and federally insures your savings up to at least $250,000; members may be able to structure their accounts to qualify for additional coverage.
By using the NCUA Share Insurance Estimator, you can see how share insurance rules apply to your accounts and whether any portion exceeds coverage limits.
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