Your Coosa Pines FCU deposits are federally insured.
Passage of the Emergency Economic Stabilization Act of 2008 increased NCUA coverage from $100,000 to $250,000. Funds may be insured for more than $250,000, depending on how accounts are structured.
Additional Security from Excess Share Insurance, Inc.
In addition to the NCUA coverage, Coosa Pines FCU accounts are insured up to an additional $250,000 by Excess Share Insurance, Inc.,
a division of American Share Insurance
, the nation’s largest provider of private share insurance for credit unions since 1974. As with NCUA coverage, ESI coverage may be more than $250,000 depending on the type and structure of the credit union accounts.
NOTE: For more information on account structure and deposit insurance, please contact a Member Service Representative
NCUA Share Insurance Calculator
To use the Share Insurance Calculator, enter basic information such as your name, account names (or nicknames, i.e. "savings" or "checking"), account types, balances, etc. When all information is entered, press the “Calculate” button. The calculator will produce an easy-to-read report that can be saved or printed. (Tip: Use the "Printable Report" button at the bottom of the page to print.)
How deposited funds are insured also depends on how the accounts are structured. For example, individual accounts are insured separately from joint accounts, as are IRAs. If you're confused by all of this, don't worry! You can always call or drop by your favorite branch. We'd be happy to help you make sense of share insurance.
*The calculator estimates federal share insurance through the NCUA, and does not include additional share insurance maintained through ESI (Excess Share Insurance, Inc.) for Coosa Pines FCU members. If the calculator shows that a portion of your funds are not insured, those funds may be insured through ESI. Please contact your local CPFCU branch for a personalized breakdown of how your deposits are insured.
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