Your Savings Are Insured
At Innovations FCU, your deposits are federally insured by the National Credit Union Administration (NCUA) up to $250,000. Rest assured, your money is safe with us.
Protecting your savings with the highest level of security available is one of our major objectives. Visit NCUA to learn more about your savings protection. If you have any questions, please contact a team member for assistance.
As an Innovations member, you've made a smart choice for your financial future!
To further protect our members' accounts, we provide the highest combination of federal and private share savings deposit insurance available: $500,000, which includes savings accounts, checking accounts, money market accounts and share certificates.
This exceptional level of protection is automatically added to your account at no cost to you and made possible through our affiliation with the Excess Share Insurance Corporation (ESI), a subsidiary of American Share Insurance, the nation's largest private deposit insurer.
| Account Type | NCUA Coverage | ESI Coverage | Total Insured |
|---|---|---|---|
| Individual | $250,000 | $250,000 | $500,000 |
| Joint | $250,000 | $250,000 | $500,000 |
| IRA | $250,000 | $250,000 | $500,000 |
| Business | $250,000 | $250,000 | $500,000 |
Both ESI and NCUA offer coverage payable only upon failure and liquidation of the credit union.
We're here to help secure your savings! For more information, stop by any Innovations branch or call us at (850) 233-4400.