Savings Deposit Insurance
Your MECU savings come with full peace of mind.
MECU members enjoy a higher level of savings deposit insurance than offered by many other financial institutions. Your MECU savings are insured to $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency.
In addition to NCUA federal coverage, your MECU savings are backed by an additional $250,000 of insurance protection from Excess Share Insurance, a subsidiary of American Share Insurance, the nation's largest private deposit insurer.
This combined, comprehensive insurance coverage up to $500,000 is automatic when you open an MECU deposit account.
Individual Retirement Accounts at MECU are insured separately by the NCUA up to $250,000.