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What Does Insured By NCUA Mean?

Your accounts are always safe and secure at Royal Credit Union. Your deposit accounts are insured by the National Credit Union Administration, or NCUA, up to $250,000. NCUA is a part of the United States government, so your accounts are backed by the full faith and credit of the United States. You’ll see the statement “Insured by NCUA” in many areas of Royal to confirm that your deposits are covered.

If you and your family have less than $250,000 in all of your accounts at Royal, your funds are fully insured. If you have more than $250,000 at Royal, there may be different ways to structure your accounts to ensure that all your funds are insured.

  • If you have more than one account at Royal, all your accounts are added together and insured up to $250,000.
  • If you’re a joint account holder, up to $250,000 of your portion of a joint account may be insured separately.
  • IRAs (Individual Retirement Accounts) and revocable trust accounts may each be insured up to an additional $250,000.

A useful tool to determine your insurance levels based on your account structure can be found at https://www.mycreditunion.gov/insurance-estimator. We are also happy to help determine the best structure for your accounts to ensure your funds remain insured.