Click here to apply now.

Yes, the initial funding amount is $5.00, and it remains on hold until the overall account is closed.

The basic coverage available to members of a federally insured credit union is as noted below:

Types of Accounts Insured by the Share Insurance Fund

Share insurance covers many types of share deposits received at a federally insured credit union, including deposits in a share draft account, share savings account, or time deposit such as a share certificate. Share insurance covers members’ accounts at each federally insured credit union, dollar-for-dollar, including principal and any accrued dividend through the date of the insured credit union’s closing, up to the insurance limit. This coverage also applies to nonmember deposits when permitted by law.

• Single Ownership Accounts (owned by one person with no beneficiaries): $250,000 per member-owner
• Joint Ownership Accounts (two or more persons with no beneficiaries): $250,000 per owner (with the primary owner a member of the credit union)
• IRAs and Other Certain Retirement Accounts: $250,000 per member-owner
• Revocable Trust Accounts: Each member-owner is insured up to $250,000 for each eligible beneficiary named or identified in the revocable trust, subject to limitations and requirements
• Irrevocable Trust Accounts: Each owner (so long as all owners or all beneficiaries are members of the credit union) is insured up to $250,000 for each beneficiary named or identified in the irrevocable trust, subject to specific limitations and requirements. Coverdell Education Savings Accounts, formerly education IRAs, are insured as irrevocable trust accounts.

Note: A qualifying eligible beneficiary must be a natural person, or a charitable organization or non-profit entity under the Internal Revenue Code

These share insurance coverage limits refer to the total of all shares that account owners have at each federally insured credit union. This listing shows only the most common ownership types that apply to individual and family shares and assumes that all NCUA and share insurance coverage requirements are met.

Additional information can be found at the NCUA’s Share Insurance Estimator(Opens new window) and in these FAQs(Opens new window). Members with questions about share insurance coverage, can call 1.800.755.1030, and selection option 1, Monday through Friday, 8 a.m. to 5 p.m. Eastern, or send an email to DCAmail@ncua.gov.

Yes, according to Federal Regulation D, you can withdraw from your Savings Account 6 times per month.

Yes, your Savings Account is automatically linked to your Checking Account to cover any overdrafts up to 6 times per month.