What Entity Insures Share Certificates At Credit Unions?

Shawn Plummer

CEO, The Annuity Expert

Regarding finances, credit unions are a popular choice for many people. This is because they offer great benefits that other financial institutions don’t always provide. However, one of the questions that often comes up is what entity ensures share certificates at credit unions. This guide will answer that question and provide additional information about credit unions!

What Entity Insures Share Certificates At Credit Unions?

The answer to the question of what entity ensures share certificates at credit unions is the National Credit Union Administration (NCUA). The NCUA is a federal government agency that was created in 1934. It is responsible for regulating and supervising credit unions in the United States. In addition, the NCUA provides deposit insurance for credit union accounts, which means that your money is protected if the credit union fails.

In addition to deposit insurance, the NCUA provides other benefits and services to credit unions. They work to promote the growth and stability of credit unions, as well as protect consumers who use their products and services. So a credit union may be the right choice if you’re looking for a financial institution that offers excellent benefits and protection!

How Much Of Share Certificates Are Insured?

The NCUA insures share certificates up to $250,000 per account. This includes both traditional and Roth IRA accounts. So if you have multiple share certificates at a credit union, they will be insured for up to $250,000.

There are some exceptions to this rule, however. For example, certain types of accounts are not eligible for NCUA insurance. These include business accounts, trust accounts, and investment club accounts.

Additionally, the NCUA only ensures share certificates issued by credit unions that the federal government charters. So if you have a share certificate from a state-chartered credit union, it will not be insured by the NCUA.

Earn The Highest Interest Rates On Savings Today

Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.

TermInsurance CompanyAPY
N/AGreenState Credit Union Savings Account5.01%
N/APonce Bank5.01%
12 MonthsBread Savings CD5.20%
27 MonthsSallie Mae CD5.15%
48 MonthsAmerico Fixed Annuity5.05%
5 YearsAmerico Fixed Annuity5.25%
10 YearsAmerican National5.45%
*Fixed annuities are only for saving money to use in retirement.

Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this article.

Find And Compare The Highest Interest Rates

Find the highest interest rates for your savings ranging from 3 months to 10 years, all in one place.

Next Steps

We hope this guide has answered your question about what entity ensures share certificates at credit unions. If you have any other questions about credit unions, contact us. Thanks for reading!

Compare CD Rates From 423 Banks And Credit Unions

Find the highest interest rates for your savings from 3 months to 5 years.

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

Scroll to Top