Are my deposits with the Credit Union of Colorado insured?

Yes, the Credit Union of Colorado is a federally insured credit union. All Credit Union of Colorado members have National Credit Union Administration (NCUA) Share Insurance. This deposit protection is backed by the United States Government.

What is NCUA insurance?

NCUA insurance guarantees that you’ll receive the money that you’re entitled to from your deposit account if your credit union goes under. It guarantees up to $250,000 per person, per institution, per ownership category.

The NCUA is a federal agency created by Congress to regulate credit unions and insure your money. Like the Federal Deposit Insurance Corp., which insures bank deposits, the NCUA makes sure your credit union assets stay secure.

You can read a statement from NCUA Chairman, Todd Harper about financial soundness and security here.

Who pays for this insurance?

The Credit Union of Colorado pays for this insurance. Members do not pay for it.