CU SoCal Members now benefit from additional account protection. 

Your shares at CU SoCal are insured by the National Credit Union Share Insurance Fund (NCUSIF) – an arm of the NCUA – our governing organization. This insurance is very similar to the deposit protection offered by the Federal Deposit Insurance Corporation (FDIC). As a Member of CU SoCal, you can have peace of mind knowing that not one penny of insured savings has ever been lost by a member of this, or any federally insured credit union. 

Effective April 1, 2006, the NCUA amended this coverage to increase share insurance limits to $250,000 for retirement accounts such as Traditional and Roth IRAs (Individual Retirement Accounts) and Keogh accounts. All other types of share accounts, such as Savings, Checking, Money Market and Certificate will retain the $100,000 insurance limit for the combined Membership account total. 

Beginning in 2010, and every five years thereafter, NCUA and FDIC will jointly consider whether an inflation-adjusted increase should be made. Because retirement accounts can often top $100,000, these efforts will further ensure that these important Member accounts continue to be protected by the NCUA.

 If you have any questions regarding the insurance protection of your account, please don’t hesitate to contact us toll free at 866 CU SoCal, 866.287.6225 or email info@CUSoCal.org.