That’s right -- your Loyola Credit Union accounts are insured for up to $500,000.
This exceptional coverage is possible through a combination of federal insurance provided by the National Credit Union Administration (NCUA) and private insurance from Excess Share Insurance (ESI).*
The NCUA insures credit union members’ deposits up to $250,000.
Account funds exceeding the maximum level of coverage provided by the NCUA are insured up to an additional $250,000 by ESI.
AND – there is NO COST to our members. Coverage is automatic.
Go to MyCreditUnion.gov for more information about NCUA coverage, and ExcessShare.com to learn more about ESI coverage.
*ESI is a wholly owned subsidiary of American Share Insurance, a credit union-owned private deposit insurer founded in 1974 by credit unions, for credit unions. As a property and casualty insurer, ESI is subject to licensing and regulation by Illinois’ insurance department.