NCUA Share Insurance Update

Effective October 3, 2008, Congress passed and the President signed into law, the financial rescue bill which included legislation to temporarily increase the deposit insurance from $100,000 to $250,000. President Barack Obama signed the "Helping Families Save Their Homes Act of 2009" which includes a section that would extend the $250,000 share insurance coverage to December 31, 2013.

Credit Unions are insured by the National Credit Union Administration (NCUA), an agency of the federal government, in similar nature as the FDIC, who insures banks. Please be assured, based on this legislation, your savings here at HawaiiUSA Federal Credit Union is insured to at lest $250,000. In addition to the insurance fund, we are a financially sound credit union with more than $100 million in reserve just in case we need it.

If you have questions about the NCUA's Insurance Fund, please log on to the NCUA's Share Insurance Tool Kit or call the NCUA's Consumer Assistance Hotline at (800) 755.1030.