Are my deposits safe?
Deposit insurance for Missouri credit unions and banks
Credit unions, banks, and savings & loans doing business in Missouri have federal deposit insurance through the National Credit Union Share Insurance Fund (NCUSIF) for credit unions and through the Federal Deposit Insurance Corporation (FDIC) for banks. These funds cover both federally and state-chartered institutions.
In general, NCUSIF (credit unions) and FDIC (banks) provide depositors with $250,000 in coverage for their individual deposit accounts.
Insured accounts include:
- Savings
- Checking
- NOW accounts
- Money market
- Certificate of deposit (CD)
- Certain retirement accounts, including IRAs
Accounts NOT covered include:
- Stocks & bonds
- Mutual funds
- Life insurance accounts
- Annuities
- Municipal securities
The insurance funds cover $250,000 per depositor. (Prior to October 2008, these limits were $100,000.)
If you have more than $250,000 in deposits, contact your credit union or bank to find out if all your money is covered. For help answering that question, you can also visit the NCUSIF’s E-SIC estimator or the FDIC’s Edie the Estimator.