|
|
|
|
The NCUA and NCUSIF This agency is the credit union's equivalent of the FDIC (Federal Deposit Insurance Corporation), which serves the same function for banks. The NCUA supervises the activities of credit unions and conducts periodic examinations to insure that the credit union is following generally accepted accounting procedures and that they are operating in compliance with all regulations. The National Credit Union Share Insurance Fund (NCUSIF) is administered by the National Credit Union Administration (NCUA) for the purpose of providing deposit insurance to protect deposits of credit union members at insured institutions in the United States. It was created in 1970 shortly after the creation of the NCUA as an independent regulator of credit unions. The NCUSIF is funded completely by participating credit unions, and no taxpayer dollars have ever been used to bail out a credit union. The NCUSIF is backed by the full faith and credit of the United States government. |
Desco goes further . . . . .  For your additional security, we provide excess share insurance to insure your savings up to $500,000 Learn more. |
|
Quick Links: Office Hours Mortgage Rates Calculators Savings Rates Auto Rates Order Checks Lost Card Privacy Policy |
||
|
Routing #: 242278823 Main Office Portsmouth, OH 740-354-7791 1-800-488-0746 Serving Ohio, West Virginia and Kentucky |
|
|