NCUA Deposit Insurance

As of July 21, 2010, ALL accounts at EPB Employees Credit Union are insured up to a total of $250,000. This means that your draft, share, money market, club, escrow and regular certificates, when added together, will have federal insurance coverage up to $250,000 rather than the $100,000 that was previously available for many years. IRA accounts are separately insured up to a total of $250,000. NCUA $250,000 Insurance Logo

EPB Employees Credit Union is a state chartered, federally insured credit union. The symbol at the left represents the $250,000 per person federal insurance coverage that exists on member deposits free of charge to the member. The federal government guarentees funds that the member has on deposit if EPB Employees Credit Union were to be declared insolvent by federal or state regulators. The United States government, through its agency, the National Credit Union Administration (NCUA), is responsible for covering the withdrawal of funds the depositors have at EPB Employees Credit Union up to or equal to $250,000 at the time a default is declared. Further, federal rules have been amended to include additional coverage if funds are deposited in distinctly different classes of account types.

One person can have up to *$750,000 insurance coverage at EPB Employees Credit Union. Funds would have to be deposited as follows:

As an Individual Member: $250,000 on deposit in shares, draft, certificates
As an Individual Member: $250,000 on deposit in Individual Retirement Accounts (IRA)
As a Joint Owner of funds: $250,000 on deposit in another member's shares, draft, certificates on which you are shown as a "joint owner" and equal co-owner of the funds

* This Credit Union does not offer a revocable trust account that provides an additional level of coverage.