SBSEFCU Annual Report

San Bernardino School Employees Federal Credit Union (SBSEFCU) deposits are insured up to $500,000. Accounts are insured up to $250,000 by the National Credit Union Administration (NCUA), a US government agency, and an additional $250,000 by American Share Insurance (ASI), a private deposit guaranty corporation.

Most other financial institutions insure deposits to only $250,000. SBSEFCU increased its share insurance coverage to $500,000 by purchasing Excess Share Insurance through American Share Insurance (ASI). Excess Share Insurance is only available to qualifying credit unions that meet rigid underwriting requirements that provide monthly financial information to ASI, including a list of members qualifying for the added insurance.

For complete financial details about SBSEFCU, download our Annual Report below: