Your money is safe and sound

Your funds are FEDERALLY insured by the NCUA

During this trying time of financial uncertainty there is one thing you can be certain of... your funds are safe and sound at Las Colinas FCU.

Las Colinas FCU is FEDERALLY INSURED by the NCUA. The National Credit Union Administration (NCUA) is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF, like the FDIC’s Deposit Insurance Fund, is a federal insurance fund backed by the full faith and credit of the U.S. Government.  

The NCUSIF insures member savings in federally insured credit unions, which account for approximately 98 percent of all credit unions. All federal credit unions and the vast majority of state-chartered credit unions are covered by NCUSIF insurance protection. 

Here are some important facts to remember about your share insurance provided by the NCUSIF:

Not one penny of insured savings has ever been lost by a member of a federally insured credit union.  

As a member of a Las Colinas FCU, you do not pay directly for your share insurance protection. Your credit union places a deposit into the NCUSIF and pays an insurance assessment based on the total amount of insured shares and deposits in the credit union. Federally insured credit unions are required to deposit and maintain one percent of their insured shares and deposits in the NCUSIF. 

The National Credit Union Share Insurance Fund (NCUSIF) insures your credit union accounts up to at least $250,000 - with higher total coverage available if the member has a combination of individual, joint, trust, payable-on-death, and other types of accounts.