Excess Share Insurance

Deposit accounts at FCCU are now insured up to $1,000,000!

This exceptional coverage is achieved through a combination of federal insurance, provided by the National Credit Union Administration (NCUA), and private insurance from Excess Share Insurance Corporation (ESI).

Share insurance protects members' accounts in insured credit unions, in the unlikely event of a credit union failure (NCUA, 2024). Deposits at a federally-insured credit union are insured up to $250,000 by the NCUA.

Excess Share Insurance (ESI).

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Your Coverage

First, NCUA’s basic federal coverage insures your deposits up to $250,000. For details about federal deposit insurance, or how to structure your accounts to qualify for greater federal coverage, check out the NCUA Consumer Assistance Center.

Second, accounts exceeding the maximum level of coverage provided by NCUA are also insured up to an additional $750,000 by excess share insurance.

Coverage Per Member with Excess Insurance*

Account Type

NCUA Coverage

ESI Coverage

Total Insured

Individual

$250,000

$750,000

$1,000,000

Joint

$250,000

$750,000

$1,000,000

IRA

$250,000

$750,000

$1,000,000

Business

$250,000

$750,000

$1,000,000

* Example Only

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