One thing you can be certain of, even in times of uncertainty, is that your money is safe at your Credit Union. Deposit accounts at CEFCU are covered by the National Credit Union Administration (NCUA), insured to at least $250,000, and backed by the full faith and credit of the U.S. government. This includes accounts such as Savings, Checking, Money Market, Certificates, Trusts, and Retirement accounts and is the same coverage provided by the Federal Deposit Insurance Corporation (FDIC) for banks. Depending on the type of account you have, your accounts could be covered by even more.
To find out more about NCUA insurance for various deposit accounts, check out this article.
In addition to federal share insurance, CEFCU has always, and will continue, to operate with sound and sustainable business practices that have allowed us to maintain stability, even in the most uncertain of times — when members need it most. CEFCU is financially and operationally strong and you can trust that your money is safe at your Credit Union.
If you have been financially impacted by events surrounding COVID-19 and need to speak with someone regarding loan or payment assistance, give us a call at 1.800.633.7077, ext. 33520, or email us at email@example.com.