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NCUA Share Insurance

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Understanding What’s Insured 

Thank you for being a valued member of UVA Community Credit Union. We aim to strengthen the financial wellness of our members and community through our sound financial products and services.

Funds deposited with UVA Community Credit Union are insured by the National Credit Union Administration (NCUA) and backed by the United States Government. All individual share accounts are federally insured up to $250,000. 

Covered Account Types

NCUA share insurance covers the following types of Credit Union Personal and Business accounts, including:

  • Checking
  • Share Savings, Secondary Share Savings, and Christmas Club Accounts 
  • MaxSaver Money Market Share Accounts
  • Share Certificate Accounts 
  • Coverdell Education Savings Accounts (CESA)
  • Individual Retirement Accounts (IRAs)—traditional, Roth and SEP (An IRA is separately insured up to $250,000.)
  • Any special Trusts, Payable on Death accounts {POD)

Coverage Amount Requirements

NCUA Share Insurance covers up to $250,000 in each member’s account separately, based on the ownership category. The most common ownership categories are individual, joint, retirement, revocable trust (including POD accounts and irrevocable trust accounts (including CESAs). Deposits in trust accounts, including POD accounts, may have additional insurance coverage depending on the number of each owner’s named beneficiaries.

Ownership Type
Coverage Amount
Total amount in qualifying individual accounts combined
$250,000 per owner
Amount per each owner’s interest in qualifying joint accounts combined
$250,000 per owner
Amount in all traditional, Roth and SEP-IRAs combined
Beneficiaries do not change coverage amount.
Payable on Death and Revocable Trust
May qualify for up to $250,000 per named beneficiary
Amount per beneficiary, for each owner
Special rules for accounts with six or more beneficiaries.
Irrevocable Trust and Coverdell ESAs
May qualify for up to $250,000 per named beneficiary
Amount per beneficiary, for each owner

Are your deposits covered?

Use the NCUA Share Insurance Estimator to determine what, if any, portion of your deposits exceeds coverage limits. This interactive site allows users to input data to compute the amount of NCUSIF coverage available under different account scenarios.

For any questions regarding your NCUA insurance, call the NCUA Insurance Call Center at 800-755-1030, Monday through Friday. The NCUA Insurance Call Center has insurance experts available to answer questions about the coverage provided by NCUA share insurance.

Thank you again for placing your trust in UVA Community Credit Union. We look forward to assisting you with your financial needs now and in the future. Please contact us if you have any questions.

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