Safeguarding your money is vitally important. That's why Homebase Credit Union has federal share insurance, administered by an independent government agency, the National Credit Union Administration (NCUA). The National Credit Union Share Insurance Fund (NCUSIF) protects aggregate savings up to at least $250,000 in your share accounts, checking accounts, and share certificates.

The coverage for individual retirement accounts (IRAs) is also $250,000. Funds in traditional IRAs and Roth IRAs are added together and insured in the aggregate to $250,000. It's important to note that share insurance doesn't cover investment products such as mutual funds and annuities.

Something else about share insurance: It separately insures individual and joint accounts. For example, say you have an individual account containing $250,000, and a joint account with your spouse containing $250,000. Each account is insured separately for a total coverage of $500,000.

So how do you know we're federally insured? All federally insured credit unions–like yours–must post the official NCUA insurance sign in their offices. As do other NCUSIF-insured credit unions, we abide by high standards of safety and soundness. Because of that, NCUSIF is a strong, well-capitalized fund.

So, rest assured, your money is safe. You can count on Homebase Credit Union to take good care of it.