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"Don't
Worry. Your Money Is Safe And Sound"
Not one penny of insured savings has ever been lost by a member
of a federally insured credit union. As a member of a federally insured
credit union, you do not pay directly for your share insurance protection.
Your credit union places a deposit into the NCUSIF and pays an insurance
assessment based on the total amount of insured shares and deposits
in the credit union. Federally insured credit unions are required to
deposit and maintain one percent of their insured shares and deposits
in the NCUSIF. Share accounts in federally insured credit unions are
insured up to the Standard Maximum Share Insurance Amount(SMSIA), $250,000
as of October 3,2008. The Emergency Economic Stabilization Act of 2008
increased the insurance coverage on all accounts up to $250,000 until
December 31,2009.
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