Project Description

Insurance Coverage

Teachers Credit Union ensures that members receive financial protection through
insurance coverage at no direct cost to the member, as follows:

a) The Credit Union Deposit Insurance Fund provides protection of up to $125,000.00 on each member’s shares and up to $50,000.00 on deposits, if the Credit Union collapses.

b) CUNA provides protection of up to $50,000.00 on each member’s shares acquired before age 55

c) CUNA provides protection of up to $150,000.00 on each member’s loan, if taken before age 75. This insurance coverage is reduced after age 76.

While share insurance coverage is maintained, there is no loan insurance coverage for members at age 86.