YOUR SAVINGS IS PROTECTED
Your member share savings accounts at KCCU are protected up to $500,000 – the highest level of combined federal/private share savings insurance available. The federal government (NCUA) provides $250,000 of this protection, and the Excess Share Insurance Corporation (ESI), a licensed property casualty insurer, provides an additional $250,000. Because Individual Retirement Accounts (IRA’s) are insured separately, they are now protected up to $500,000 as well. So, by maintaining your non-retirement savings and your IRA at KCCU, you can have a combined savings insurance protection of $1,000,000!
This exceptional coverage is available only to those credit unions meeting ESI’s strict underwriting requirements and high standards of performance. KCCUs approval for the program reaffirms our position as the leading financial institution in your community. So, avoid the hassle of maintain savings accounts at multiple institutions and get the best protection at KCCU!