Your Money, Insured
Affinity Plus is federally insured by the NCUA, and your deposits with us are insured to at least $250,000.
Like at a traditional bank, your deposits with Affinity Plus federal Credit Union accounts are federally insured up to $250,000 per member-owner. The main difference is just who insures them. At Affinity Plus, they are covered by the National Credit Union Administration (NCUA) and this coverage is called share insurance.
If you have accounts at other credit unions outside of Affinity Plus, you have coverage up to the full insurable amount in each of the credit unions.
Covered Accounts
All types of share accounts and deposits received by Affinity Plus are insured, including the following:
- Certificates
- Checking
- IRAs (Roth and Traditional)
- Money Markets
- Savings
- Trust Accounts
Accounts NOT Covered
Mutual funds, stocks, bonds and life insurance policies ARE NOT covered by the NCUA.
Examples of Coverage
The type of account ownership matters, too. And you could actually qualify for more than $250,000 if you have share accounts in different categories of ownership.
| Account Ownership Type | Example Account | Less than $250k | Greater than $250k | Notes |
| Individual | Savings, Checking or Money Market Self Only | Covered | Up to $250k covered | Total amount in combined accounts. |
| Joint | Savings, Checking or Money Market Multiple Owners | Covered | Up to $250k covered per owner | Amount per owner's interest in joint accounts. |
| Trust | Formal or Informal Revocable Trusts | Covered | Up to $250k covered per beneficiary | Amount per beneficiary, for each owner. |
| Retirement | Traditional or Roth IRA, or Keogh Plan | Covered | Up to $250k covered | Amount in trad. & Roth IRA accts added together.
Beneficiaries do not change coverage amount. |
Want More Info?
The NCUA
The National Credit Union Administration is an independent agency of the U.S. Government that regulates, charters and insures the nation’s federal credit unions. It’s similar to how the FDIC (Federal Deposit Insurance Corporation) insures and regulates traditional banks.
Share Insurance Overview
This PDF provided by the NCUA provides an overview of share insurance coverage.
Coverage Calculator
Use the Share Insurance Estimator on Mycreditunion.gov to calculate how much coverage your Affinity Plus accounts qualify for.