Do you have Deposit Insurance?
With Direct Federal, any savings account that you choose is 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 savings account is insured up to $250,000 per account owner
- Individual Retirement Account (IRA) funds are separately covered up to $250,000
- Funds in a trust account are separately covered up to $250,000
Plus, you have the ability to increase the insurance on your accounts depending on the types of accounts you have and how your accounts are owned.
Questions? Simply call the NCUA Insurance Call Center at 800.755.1030, ext. 1; or call Direct Federal at 781.455.6500.