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      Deposit Insurance
 

Your accounts are insured up to $100,000
POWERCO deposit accounts are insured up to $100,000 by the The National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration, an agency of the federal government. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF is managed by NCUA under the direction of the three-person NCUA Board. The NCUSIF is backed by the full faith and credit of the United States government. Your share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC). 

 

In addition, POWERCO providedes Excess deposit insurance through ESI, Excess Share Insurance.

Your money is safe at POWERCO!

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