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Safety & Soundness of E&A Credit Union
Your funds are federally insured
At E&A Credit Union, your assets are insured by the National Credit Union Administration, a U.S. government agency that acts much like the FDIC does for banks, only for credit unions. In order to qualify for NCUA coverage, E&A Credit Union meets high standards of safety and soundness of operations.
Share Insurance
Passage of the Emergency Economic Stabilization Act of 2008 increases National Credit Union Administration (NCUA) coverage from $100,000 to $250,000. This temporary increase is in effect from Oct. 3, 2008, until Dec. 31, 2009 and means that both the FDIC and the NCUA insure up to $250,000 per depositor and up to $250,000 for an IRA.
Resources
The NCUA offers a website with a wealth of information, including the Share Insurance Estimator. The Share Insurance Estimator can be found at http://webapps.ncua.gov/Ins. Or you can go to www.ncua.gov and click on Resources for Consumers, and then Share Insurance Estimator.
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