Federal Insurance

As a CEFCU member, the money you have at Your Credit Union is safe. It is insured by the National Credit Union Administration (NCUA) through the National Credit Union Share Insurance Fund (NCUSIF).

The NCUA is backed by the full faith and credit of the U.S. government, and it insures checking and savings deposits in federal and most state-chartered Credit Unions. Share insurance coverage protects members against losses if a federally insured credit union should fail. Failures are rare because only Credit Unions with sound standards qualify for NCUSIF coverage. No taxpayer dollars have ever been used to "bail out" a credit union.

To learn more about the NCUA and what it means to you, take a look at this video of financial journalist Jane Bryant Quinn.

NCUSIF insures savings to at least $250,000 per depositor with additional coverage of up to $250,000 for certain retirement accounts. You can use the NCUA Share Insurance Estimator to determine your insurance coverage.

For more information on NCUA insurance, please review the NCUA Share Insurance FAQs.

CEFCU Strength

With all the media coverage concerning financial institutions and their stability, it's important for our members to know even in tough economic times, CEFCU has stood strong and will continue to do so.

CEFCU has a long track record of sound fiscal responsibility, and that financial performance information is available to members. In fact, monthly financial results are posted in Member Centers and online so you can review CEFCU's performance and strength at your convenience. Additionally, you can view CEFCU's Annual Reports.


  • With assets of more than $4.8 billion, CEFCU remains Central Illinois' largest locally owned financial institution. CEFCU serves more than 292,000 members through Member Centers, ATMs, Online Services, and CO-OP ATM and Shared Branch networks.
  • In December 2012, CEFCU returned a $9 million Extraordinary Dividend to members in recognition of their ongoing trust and support that lead to outstanding financial results. Throughout the past 12 years, CEFCU has returned $63 million in Extraordinary Dividends to members.
  • As a Credit Union, CEFCU's efforts are always focused on doing what's right for members/owners, not on generating increased profits for investors.
  • CEFCU is committed to conservatively managing the funds of our members/owners by making sound lending decisions and maintaining a well-balanced portfolio.
  • Because CEFCU has steered clear of subprime lending and risky loans all along, we have not experienced the increase in defaults and delinquencies others have.
  • CEFCU has never accepted Troubled Asset Relief Program (TARP) money and continues to do business as usual, even in the current environment.
  • The NCUA and Illinois Department of Financial and Professional Regulation (IDFPR) review CEFCU annually to ensure your Credit Union's stability and the ability to support long-term growth.
  • Members/owners continue to enjoy higher savings dividends, lower loan rates, and fewer fees.

Use this valuable information, from sources like NCUA and the Credit Union National Association (CUNA), to find information about the strength of Credit Unions and share insurance.

Tools & Resources

Articles & Brochures

For more information on NCUA insurance, please review the NCUA Share Insurance FAQs.

Contact CEFCU if you have questions concerning CEFCU's safety and soundness or share insurance coverage.