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What is NCUSIF?

April 26, 2017ncusif

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What is NCUSIF?

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The National Credit Union Share Insurance Fund (NCUSIF) is an arm of the NCUA and was established by Congress in 1970 to insure member share accounts at federally insured credit unions. The NCUSIF is managed by NCUA under the direction of the three-person NCUA Board. The members of the NCUA Board are nominated by the President of the United States and confirmed by the Senate. Your insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC).