Your Funds
Are Safe
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.
To learn more about ASI and
Excess Share Insurance read
through the Excess Share Insurance
frequently asked questions section
at their website: American
Share Insurance
For information on federal share
insurance go to: National
Credit Union Administration
If you have more questions about
your SBSEFCU deposit insurance
protection give us a call at
(909) 882-2911.
|
