SAVINGS & INVESTING

Federal Share Insurance: Your Warranty of Safety

Your shares at Lubrizol Employees’ Credit union are federally insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA). NCUA is an independent agency of the United States government. Your shares are backed by our solid financial standing. However, the insurance protects members against loss if a federal credit union fails.

Share Insurance FAQ

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 time deposit such as a share certificate. NCUA insurance covers members' accounts at each federally insured credit union, dollar-for-dollar, including principal and any accrued dividend through the date of the insured credit union’s closing, up to the insurance limit. This coverage also applies to nonmember deposits when permitted by law. 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. Credit unions often provide these services to their members through third-parties, and the investment and insurance products are not insured by the NCUSIF. In locations where these investment and insurance products are offered or sold to members, credit unions are required to disclose that the products: -- are not insured by NCUA; -- are not deposits or other obligations of the credit union and are not guaranteed by the credit union; and -- are subject to investment risks, including possible loss of the principal invested. In addition, NCUA does not insure safe deposit boxes or their contents. *These share insurance coverage limits refer to the total of all shares that account owners have at each federally-insured credit union. The listing above shows only the most common ownership types that apply to individual and family shares, and assumes that all NCUA requirements are met.

 

 


More About How Your Funds are Insured

          Are all your deposits insured? Find out with NCUA’s electronic Share Insurance Estimator.

          Want to learn even more? Visit NCUA for publications, videos and more!