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Are deposits insured?

April 26, 2017deposits insured

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Are deposits insured?

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Self-Help member deposits are federally insured up to $250,000 per account. Accounts maintained in different legal ownership capacities are insured separately. The National Credit Union Administration (NCUA) administers the insurance fund in a manner similar to the Federal Deposit Insurance Corporation (FDIC). Q: Can businesses, non-profits, religious groups, and other organizations become members of Self-Help? A: Yes. Our lending objectives often blend well with the social mission of many organizations. And we try to pay the best interest rates possible on member deposits. Q: Can a member have more than one deposit account with Self-Help? A: Yes. Any member (individual, business, or organization) can have more than one deposit account at Self-Help Credit Union.