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Maximizing NCUA Share Insurance Coverage
The chart below shows how you can maximize your share insurance coverage. Maintaining different combinations of accounts increases your coverage.
- Members with individual accounts (savings, checking and certificate accounts) are insured up to $100,000
- You can increase your coverage if you are a joint owner on an account. Jointly owned accounts are insured separately up to $100,000
- IRA accounts are insured separately up to $250,000
- Trustee accounts are also insured separately for $100,000 for each combination of trustee and beneficiary.
- See the chart below for a few examples of how you can maximize your insurance coverage.
Click here for more specifics on: Your Savings Are Federally Insured at Navy Federal Credit Union
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If you have further questions, call us at 1-888-842-NFCU (6328).
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