Share Insurance

Financial Center First Credit Union and its division, Ball State Financial, are federally insured by the National Credit Union Administration (NCUA).

NCUA is an independent agency of the United States government that regulates, charters and supervises federal credit unions. NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF). Backed by the full faith and credit of the U.S. government, the NCUSIF insures the accounts of millions of account holders in all federal credit unions and the vast majority of state-chartered credit unions.

Because you are a member of a credit union, your deposits are insured up to $250,000 by the NCUA.

Excess Share Insurance (ESI) is additional protection for your accounts over the $250,000 covered by the NCUA. The ESI insurance covers your accounts up to an additional $250,000. That means your deposits are insured up to a total of $500,000.

Both types of share insurance are per person, not per account. For instance, if you are on several accounts, that coverage applies to the sum of all accounts.