Compliance: NCUA highlights share insurance resources
The NCUA conducted a recent webinar in which staff discussed how credit union employees can help their members maximize National Credit Union Share Insurance Fund (NCUSIF) coverage.
The webinar will be archived and closed captioned in the coming weeks in the NCUA videos section of its website.
Accounts discussed during the webinar included:
- Individual Ownership Accounts: As a general rule, all funds owned by a single individual and deposited in one or more accounts are insured up to $250,000 in the aggregate. Individual Retirement Accounts (IRA) and Keogh accounts are separately insured up to $250,000;
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