Savings

Federal Insurance

Your Direct Federal Credit Union savings accounts are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. This deposit insurance protection is offered by the National Credit Union Administration (NCUA) and is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC).

Each account is insured up to $250,000 per account owner. Individual Retirement Account (IRA) funds are separately covered up to $250,000. And funds in a trust account are separately covered up to $250,000. You can increase the insurance on your accounts depending on the types of accounts you have and how your accounts are owned.

For a detailed explanation of your insurance coverage, go to How Your Accounts Are Insured or Your Insured Funds. To estimate your insurance coverage, go to NCUA Share Insurance Estimator.(NCUA is currently in the process of updating this calculator). You can call the NCUA Insurance Call Center at (800) 755-1030, ext. 1 or Direct Federal's Call Center at (781)455-6500.