Alabama Credit Union

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your savings are safe at alabama credit union

Have questions about the NCUA or ESI deposit insurance coverage that -- in addition to Alabama Credit Union's strong financial health and excellent regulatory ratings -- protects your savings? Here is what you need to know:

Alabama Credit Union is financially strong and healthy, and safe place for your savings. We have received regulators' top ratings for 19 consecutive years. Despite the challenges many lenders are facing with sub-prime mortgage defaults, Alabama Credit Union has built its mortgage lending portfolio with carefully underwritten mortgage products, using industry-standard guidelines for borrowers' debt ratios, credit scores, and property values. We are pleased to say we expect no unusual delinquency from our consumer or mortgage lending portfolio.
Your savings are primarily insured by National Credit Union Administration, an agency of the U.S. Government, through the National Credit Union Share Insurance Fund (NCUSIF). Most properly established share accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount (SMSIA), which is $100,000 as of April 2006, but may be increased in the future. Recent legislation has increased the insurance coverage on certain retirement accounts, such as IRAs and Keoghs, up to $250,000. Learn more about NCUA's federal deposit insurance coverage and what it means to you:
- How Your Accounts Are Insured (PDF)
- Your Insured Funds (PDF); provides easy-to-understand language and specific examples of ways you can structure ownership of your accounts to take full advantage of deposit coverage
- Insurance Estimator is an online tool to help you determine if you have any deposits that aren't covered under the NCUA's federal deposit coverage program
- NCUA increases coverage on retirement savings
- NCUA's Share Insurance page
In addition to NCUA's federal deposit insurance coverage, your savings at Alabama Credit Union may be covered by Excess Share Insurance (ESI). This private insurance coverage is paid by Alabama Credit Union and provided so that members may invest with confidence in amounts in excess of the NCUA federal deposit limits. ESI's $250,000 per account of excess coverage continues in addition to the NCUSIF's increased insurance limit of $250,000 for retirement accounts, which was effective April 1, 2006. Credit unions with excess coverage are now provided total deposit insurance protection of $500,000 on IRAs.
- About your Excess Share Insurance coverage (PDF)

Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. Your savings are additionally insured to $250,000 by Excess Share Insurance. To estimate your National Credit Union Share Insurance Fund coverage, use this insurance estimator or download NCUA's Your Insured Funds brochure. Alabama Credit Union does business in accordance with the Equal Credit Opportunity Act and the Federal Fair Housing Law. We are an Equal Housing Lender. Rates expressed as Annual Percentage Rate or Annual Percentage Yield; all rates and terms subject to change without notice. For complete account disclosures, ask for a copy of our Membership & Account Agreement, Reg CC (Funds Availability) and Reg E (Electronic Transfers) disclosures, Fee Schedule and Member Business Account™ Fee Schedule. Membership eligibility required. Alabama Credit Union is not responsible for content of Web sites which may be accessible via links from this site but are not operated by Alabama Credit Union, and does not represent either the third party or the member if the two enter into a transaction; privacy and security policies may differ from those practiced by Alabama Credit Union.