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What's
New
Your
Funds are Safe and Secure
As
a Transportation Federal Credit Union (TFCU) member,
you can rest assured that your funds are safe and
secure.
Your funds deposited in TFCU are insured up to at
least $250,000 by the National Credit Union Share
Insurance Fund (NCUSIF), which is backed by the
full faith and credit of the United States Government.
Share accounts in federally insured credit unions
are insured up to the Standard Maximum Share Insurance
Amount (SMSIA), $250,000 as of October 3, 2008.
The Emergency Economic Stabilization Act of 2008
increased the insurance coverage on all accounts
up to $250,000 until December 31, 2009.
TFCU
Individual Retirement Accounts are insured separately
up to $250,000. Not one penny of insured
savings has ever been lost by a member of a federally
insured credit union.
Excess
Share Insurance – Additional Coverage Provided
by TFCU
As an added benefit to our member-owners, TFCU provides
greater protection through Excess Share Insurance,
a licensed insurance company and the nation's largest
private provider of deposit insurance.
With additional coverage of up to $250,000, TFCU members
receive the highest level of combined federal/private
share savings insurance available anywhere. Example: |
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NCUSIF
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Excess
Share Insurance (ESI) |
Total
Coverage |
| Non-Retirement
Accounts |
$250,000
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$250,000 |
$500,000 |
| IRA
Accounts |
$250,000 |
$250,000 |
$500,000 |
| Total
Possible Coverage |
$500,000 |
$500,000 |
$1,000,000 |
If you have more questions about your TFCU deposit account
insurance protection, give us a call at 202-366-9400 or 800-DOTTIE2.
Click
here to see what else is new
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