NCUA and ESI Insurance

 

NCUA Insurance

The National Credit Union Administration (NCUA), a U.S. government agency, operates the
National Credit Union Share Insurance Fund (NCUSIF) to protect accounts at federally insured
credit unions up to $250,000. The $250,000 in coverage applies to each share owner, per insured
credit union, for each account ownership category.

NCUA share insurance covers many types of share deposits received at a federally insured
credit union, including deposits in a share draft account, share savings account, or share certificate.
NCUA insurance covers members' accounts at each federally insured credit union, dollar-for-dollar,
including principal and any posted dividends through the date of the insured credit union’s closing, up to $250,000. NCUA does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investment or insurance products are sold at a federally insured credit union. In addition, NCUA does not insure safe deposit boxes or their contents.

For more information:
NCUA Share Insurance Coverage FAQs - Click Here

ESI Insurance

CCFCU has also partnered with Excess Share Insurance (ESI) to offer an additional $250,000 of savings insurance coverage
for its members. Your peace of mind matters, and that’s why we offer this additional layer of protection.

NCUA Insurance

  • Covers deposits up to $250,000

  • Backed by the National Credit Union Administration (NCUA)

Excess Share Insurance (ESI)

  • Provides additional coverage up to $250,000

  • Applies to eligible balances that exceed NCUA limits

Total Coverage up to $500,000 per member, per account ownership type (such as individual, joint, or IRA accounts).

What Is Excess Share Insurance (ESI)?

Excess Share Insurance is an added level of deposit insurance available to members of participating credit unions. ESI is provided by Excess Share Insurance Corporation, a private insurer that specializes in covering credit union deposits beyond federal limits. This additional coverage helps protect larger balances and offers extra confidence for members with higher deposit amounts.

Why Cumberland County FCU Offers ESI:

We believe our members deserve more than the minimum. ESI allows us to:

  • Offer greater protection for higher deposit balances

  • Provide additional peace of mind beyond federal insurance

  • Reinforce our commitment to long-term financial security

Which Accounts Are Covered?

Coverage applies to eligible deposit accounts and is based on account ownership type, not just the total balance.

Examples may include:

  • Individual accounts

  • Joint accounts

  • IRA accounts

Wondering what that means for your accounts? Our team is happy to help you understand how your accounts are structured.

Want to Learn More?

If you have questions about your coverage or would like help reviewing your accounts, we’re here to help. Call us at 207-878-3441

Important Disclosure

Deposits at Cumberland County Federal Credit Union are federally insured up to $250,000 by the National Credit Union Administration (NCUA). Deposits exceeding NCUA coverage may be insured up to an additional $250,000 by Excess Share Insurance Corporation (ESI), for a total of up to $500,000 per member, per account ownership type. Excess Share Insurance Corporation is not a federal or state government agency. For details about federal deposit insurance coverage or how to structure your accounts to qualify for greater coverage, please contact CCFCU or visit NCUA.gov.