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NCUA Share Insurance Coverage

Rest assured, your money is safe.


Knowing that your funds are secure is essential to peace of mind. Whether you have $1,000 in a savings account or $250,000 in a Share Certificate, you can rest assurred those funds are safegaurded.
At San Mateo Credit Union, the money you have on deposit is federally insured by the National Credit Union Administration (NCUA)—an independent government agency. The NCUA also manages the National Credit Union Share Insurance Fund (NCUSIF), which covers the accounts of millions of credit union members throughout the country.NCUA Logo
With this kind of backing in place, your transactions with SMCU can be conducted with complete confidence. In the history of credit unions, no member has ever lost so much as a penny from accounts insured by the NCUIF.


Individual Savings, Checking, Money Market, Share Certificates Covered Up to $250,000 protected Balance refers to the total amount in combined accounts.
Joint Savings, Checking, Money Market, Share Certificates Covered Up to $250,000 per owner protected If you have an individual and a joint account with SMCU, both are insured up to $250,000.
Trust Formal or Informal Revocable Trust Covered Up to $250,000 per beneficiary protected Amount per beneficiary for each owner
Retirement Traditional/Roth IRA, Keogh Covered Up to $250,000 protected Balance refers to Traditional and Roth IRAs combined; Keoghs insured separately

NOTE: The NCUIF does not cover losses on mutual funds, annuities, Treasury securities, stocks, bonds, and life insurance policies.

For more information, visit the NCUA website: