Skip to content

Share Insurance

The National Credit Union Administration (NCUA), a U.S. government agency, operates the National Credit Union Share Insurance Fund (NCUSIF) to protect accounts at federally insured credit unions up to $250,000. The $250,000 in coverage applies to each share owner, per insured credit union, for each account ownership category.  Atlantic has also partnered with Excess Share Insurance (ESI)  to offer an additional $250,000 of savings insurance coverage for its members.

For more information on Atlantic’s Share insurance coverages:

Savings Federally Insured by NCUA: Not one penny of insured savings has ever been lost by a member of a federally insured credit union. The federal insurance fund has several programs to help insured Credit Unions which may be experiencing problems, and liquidations or failures are usually done only as a last resort. If a federally insured credit union does fail, however, the National Credit Union Administration will normally make any necessary payouts within two weeks of the time the credit union closes its doors.

Insured Credit Unions are required to deposit and maintain 1% of their insured shares in the NCUA insurance fund. 

As a member of Atlantic Regional Federal Credit Union, you do not pay directly for your Share Insurance protection. Atlantic Regional Federal Credit Union pays into the NCUA a deposit based on the total amount of insured shares in the Credit Union.