Workers Credit Union

Your Shares are Insured at Workers' Credit Union

Protecting your savings with the highest level of security available is a priority at Workers’ Credit Union.

With all the media attention being given to concerns about today’s economy, we want to let you know of a great way to protect your savings. As a member of Workers’ Credit Union, your deposits are covered by two of the nation’s strongest insurers: the National Credit Union Administration (NCUA) and the Massachusetts Credit Union Share Insurance Corporation (MSIC)

NCUA and MSIC’s share insurance coverage provide our members with the highest level of protection available.

Workers’ Credit Union enjoys the safety and security of federal deposit insurance through the NCUA. The National Credit Union Share Insurance Fund (NCUSIF), an arm of the NCUA, is very similar to the FDIC for banks. Your coverage at Workers’ Credit Union through the NCUA means that your deposits are protected up to $250,000†.

Your excess deposits above the NCUA coverage, up to the protected limits, are also insured. The Massachusetts Credit Union Share Insurance Corporation (MSIC) provides you, our members, with additional excess deposit insurance – an additional $350,000 for a single account. That’s $600,000 in total. Joint accounts are covered up to $1.2 million. A couple with both single and joint accounts could have up to $2.4 million of insured coverage by restructuring account titles.

Rest easy knowing your funds, up to the protected limits, are insured by MSIC. Since 1961, MSIC has been insuring funds at credit unions across the Commonwealth. During that time, no credit union member has ever lost even a penny of their savings.

If you have concerns about share insurance, do not hesitate to contact us or visit www.MSIC.org or www.NCUA.gov. If you would like information about membership with Workers' Credit Union, please contact us directly.

Your peace of mind is worth it!

†This coverage amount is effective through December 31, 2009.