A Safe Place To Save
Deposit insurance, regulation, and conservative management

All credit unions in Massachusetts have their members' deposits insured by the National Credit Union Share Insurance Fund (NCUSIF).  The National Credit Union Administration (NCUA) logo that appears on a credit union's door or on its marketing materials tells the consumer that his or her deposits of up to $100,000 are protected by the full faith and credit of the United States government (the protection is identical to that provided by FDIC to bank customers).  Credit unions capitalize this fund and no taxpayer money has ever been used to support the NCUSIF.  This fund is administered by the NCUA which also regulates federally chartered credit unions.  In addition to NCUA insurance, Massachusetts state chartered credit unions are covered by MSIC, the Massachusetts Credit Union Share Insurance Corporation which provides insurance for deposits over the $100,000 limit.

What makes an institution secure isn't insurance, however.  The combination of regulatory control, prudent management and careful investment make credit unions safe places to save and invest.