NCUA Share Insurance

NCUA insures accounts in credit unions through the National Credit Union Share Insurance Fund.

  • The Share Insurance Fund is backed by the full faith and credit of the United States Government.
  • The Share Insurance Fund provides essentially the same coverage as the Federal Deposit Insurance Corporation's (FDIC) account insurance.
  • You can increase your coverage by setting up different types of accounts because the $250,000 coverage is per qualifying account. (Please speak with a representative of the Meadville Area Federal Credit Union to help you set up your accounts.)


All funds in a "noninterest-bearing transaction account" are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends or a money-market account, even if checks may be drawn on the account.

This expanded share insurance will affect members who current have a Meadville Area Federal Credit Union Checking account. The share insurance coverage for all other accounts will remain the same.

For more information about the temporary NCUA insurance coverage of transaction accounts, visit