7 17 Credit Union provides members peace of mind knowing their deposits are protected by insurance through the NCUA (National Credit Union Association), up to $250,000.
The NCUA is the independent government agency that administers the National Credit Union Share Insurance Fund (NCUSIF). Like the FDIC's Deposit Insurance Fund, the NCUSIF is a federal insurance fund backed by the full faith and credit of the United States government.
As a federally insured Credit Union, the NCUSIF protects 7 17 members’ accounts. In the highly unlikely occasion of a credit union failure, the NCUSIF will cover the balance of each member’s account, dollar-for-dollar up to the insurance limit, including principal balances and dividends.
Learn more using the following tools from the NCUA
Use the links below to view helpful videos from the NCUA that will give you a better understanding of how your funds are protected and will introduce you to the Share Insurance Estimator tool.
As you can see by the videos, the calculations for insurance coverage can be very complex. We recommend that you use the Estimator link below to determine coverage for your specific funds deposited at 7 17 Credit Union.