Benefits of NCUA InsuranceAs the state of our national economy continues to decline, it seems that we hear increasingly more talk about the closing of banks and the risks associated with keeping money in financial institutions. Therefore, despite the fact that Forest Area Federal Credit Union continues to remain strong, it is only natural for our members to ask about their own coverage at FAFCU. Thanks to our NCUA insurance coverage, all of our members have their savings insured at a minimum of $100,000. In the case of members who hold joint accounts, Individual Retirement Accounts (IRAs), or revocable trust accounts, this coverage is likely to be even higher. For the vast majority of our members, there is no risk of lost funds. However, if you'd like to learn more about how NCUA insurance works, feel free to talk to any of our knowledgeable staff members. We'd be happy to answer your questions in an honest and helpful manner! |
