Mobile Menu

Deposit Insurance

At Synergy FCU, individual accounts are insured up to $500,000 through a combination of private insurance provided by Excess Share Insurance (ESI) and the federal government insurance provided by the National Credit Union Administration (NCUA).

How your accounts are insured by Excess Share Insurance

ESI is a wholly owned subsidiary of American Share Insurance, the nation's largest private deposit insurer, and insures only credit unions meeting its high standards. With ESI, individual accounts have $250,000 in coverage on top of the federal government's $250,000.

How your accounts are federally insured

Synergy Federal Credit Union is insured by the National Credit Union Administration (NCUA). The NCUA is the federal government agency that charters and supervises federal credit unions. NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF). Back by the full faith and credit of the U.S. Government, NCUSIF insures the accounts of millions of account holders in all federal credit union and the vast majority of state-chartered credit unions.

The basic coverage provided by NCUSIF

The NCUSIF provides all members of federally insured credit unions with $250,000 in coverage for their individual accounts. These accounts include regular shares, share drafts (checking), money market accounts, and share certificates (CDs). Individuals with account balances totaling $250,000 or less at the same insured credit union have full NCUSIF coverage.

Options for additional coverage

All members of federally insured credit unions have options for coverage that is separate from and in addition to the coverage available to their individual accounts. Those include:

  • Retirement Accounts
  • Joint Accounts
  • Trust Accounts


Share Calculator

Share Insurance Estimator

Learn more about NCUA.

Learn more about ESI.