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WPCCU is Safe, Sound and Secure

Through the National Credit Union Administration (NCUA), your checking, savings, and certificate accounts are insured to at least $100,000. Certain retirement accounts, such as IRAs, are insured up to $250,000.

The NCUA is the National Credit Union Administration—the federal agency that charters and oversees credit unions. The NCUA also insures member accounts through the National Credit Union Share Insurance Fund (NCUSIF), established by Congress in 1970.

Insurance provided by the NCUSIF is similar to the insurance provided by banks through the Federal Deposit Insurance Corporation (FDIC). Your savings, checking, and certificate accounts are insured up to $100,000—just like FDIC coverage. And like FDIC coverage, NCUSIF insurance is backed by the full faith and credit of the United States government. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.

All credit unions insured by the NCUSIF must meet high standards of safety and soundness. When you deposit funds in a WPCCU account, you can be rest assured that your money will be there for you when you need it. Safe. Sound. Secure.

Frequently Asked Questions about NCUSIF Insurance

What accounts are insured?
Your deposits are insured up to $100,000. If you have more than one account, the balances are added together and insured up to $100,000. Certain retirement accounts, such as IRAs and Keogh plans, are insured up to $250,000—that’s separate from the $100,000 coverage on your other WPCCU accounts.

Can I increase the insurance on my accounts?
You may have additional coverage on multiple accounts based on different account ownership or account type. For example, if you have a two-person joint savings account, that account has $200,000 in coverage.

Can I have more than $100,000 in deposits with WPCCU? Are my deposits safe?
If you have more than $100,000 in deposits with WPCCU, please visit a member service representative at any one of our six branch locations to review your savings portfolio deposit insurance.

Are my investment accounts covered by NCUSIF insurance?
No. NCUSIF insurance does not apply to investments, such as stocks, bonds, mutual funds, annuities, and life insurance.

For more information, call 1-800-300-9728 or visit the NCUA website at www.NCUA.gov.