UPDATE: The $250,000 Share Insurance Protection increase is now permanent!
The Helping Families Save Their Homes Act of 2009, signed into law May 20, 2009, included a provision extending $250,000 share insurance coverage provided by the National Credit Union Share Insurance Fund through December 31, 2013. Now, with the Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law July 21, 2010, this level of coverage has become permanent. The level of coverage was increased from $100,000 in 2008.
Does that mean any funds you have at Vantage are insured to only $250,000? Not necessarily. Contact us for more information on how you may qualify for additional coverage through NCUA.