Credit unions that are insured by the NCUSIF must display the official NCUA insurance sign:

All federal credit unions must be insured by NCUSIF, and no credit union may terminate its federal insurance without first notifying its members. The NCUSIF has several programs to help insured credit unions that may be experiencing problems, and liquidations or failures are usually done only as a last resort. If a federally insured credit union does fail, however, the NCUSIF will make any necessary payouts to the credit union's members. These payouts are usually done within two days from the time the credit union closes its doors.

Who Pays for Federal Insurance?
As a member of an insured credit union, you do not pay directly for your share insurance protection. Your credit union pays into the NCUSIF a deposit, and an insurance assessment, based on the total amount of insured shares and deposits in the credit union. Insured credit unions are required to deposit and maintain one percent of their insured shares and deposits in the NCUSIF. Historically, deposit insurance funds strive for a ratio of equity to insured savings of at least one percent. The NCUSIF ratio of equity to insured shares and deposits is normally 1.25 percent to 1.30 percent.

The Amount of Your Coverage
Properly established share accounts in federally insured credit unions are insured up to $100,000. Generally, if a credit union member has more than one account in the same credit union, those accounts are added together and insured up to $100,000. There are exceptions, though. You may obtain additional insurance coverage on multiple accounts, but only if you have different ownership interests or rights in different types of accounts and you properly complete account forms and applications. (See section: "Coverage Over $100,000," for additional details).