Deposit Insurance

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government through the National Credit Union Administration.


How does share insurance protect my money?

NCUSIF coverage works just like FDIC insurance for depositors in banks or savings and loan associations. It assures you that your deposits are safe up to $250,000. No money has ever been lost by a member of a federally-insured credit union.


How will this affect my coverage if I have multiple accounts?

It is possible to have up to $1 million or more in insurance coverage depending on the type of accounts, ownership of the accounts, and location of accounts.

IRA accounts are insured separately up to $250,000. All share accounts held individually are added together and are insured up to $250,000. All joint accounts owned by the same combination of individuals are added together and are insured up to $250,000. All trust interests created by the same grantor for the same beneficiary will be added together and insured up to $250,000. Accounts held at different credit unions (excluding different branches of the same credit union) are considered as separate accounts and insured up to $250,000.


How much will this insurance cost me?

You pay nothing for NCUSIF insurance protection! If you have any concerns regarding the safety of your funds, please contact your credit union.

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Current Rates
Vehicle Loans APR*
New Auto - 1.99%
Used Auto - 2.99%
New Recreational - 1.99%
Used Recreational -3.49%
Home Equity Loan APR*
60 Month - 4.75%
84 Month - 5.00%
120 Month - 5.50%
Share Certificates APY*
6 Month - 0.45%
12 Month - 0.60%
24 Month - 0.90%
*Rates listed represent our best rate and is based on credit history. Rates are subject to change. Contact MTEFCU for details.