Federal Share Insurance
The Emergency Economic Stabilization Act of 2008, signed into law on October 3, 2008, increased the insurance coverage on all accounts up to $250,000 through December 31, 2009.
Deposit accounts held with Corning Credit Union are federally insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA), an independent agency of the United States government. Please visit NCUA's Share Insurance Tool Kit web page for additional information and a free Share Insurance Estimator.
Share Account Coverage
Accounts are insured to at least $250,000 based on registration of ownership. If a Corning Credit Union member has more than one individual account, those accounts are added together and are insured to at least $250,000. Accounts maintained in different legal ownership registration may be insured separately.
There are numerous combinations of account registrations that can increase your total coverage. For example:
| Registration | Coverage |
|---|---|
| Individual .Husband .Wife |
$250,000 $250,000 |
| Joint Ownership .Husband & Wife |
$500,000* |
| Total Coverage | $1,000,000 |
Trust and IRA accounts may provide additional insurance coverage. Please visit the following NCUA links for additional information.
- Share Insurance Estimator
- How Your Accounts are Federally Insured brochure
- Your Insured Funds brochure
When you click on a link to a third party website, you will leave our website. Corning Credit Union has no responsibility for or control over the content of those websites. Corning Credit Union cannot ensure that the content of those websites will remain accurate and secure. Corning Credit Union does not represent either the third party website or the member if the two enter into a transaction. All information you enter on that website will be collected and maintained in accordance with the privacy policy of the third party website. CCU encourages you to review the privacy policy and disclosures that are available on the third party website for more information.
