Your Funds Are Protected

NCUA LogoDeposits with Minnesota Valley Federal Credit Union are insured up to at least $250,000 per account, per member by the National Credit Union Administration (NCUA). NCUA is an agency of the U.S. Government.  Use the NCUA Insurance Calculator(opens in new tab) to structure your accounts for maximum insurance coverage.

Learn more(opens in new tab) about how your account is insured.

National Credit Union Share Insurance Fund

The NCUA's deposit insurance is backed by the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF is the federal fund used to insure member deposits in federally insured credit unions such as MVFCU. On July 22, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act permanently established NCUA's standard maximum share insurance amount at $250,000. The NCUSIF is administrated by the National Credit Union Administration (NCUA) and is backed by the full faith and credit of the U.S. Government.

How is this Financed?

The NCUSIF maintains at or near 1.30% of federally insured credit union deposits. By Law, federally insured credit unions maintain 1% of their deposits in the NCUSIF and the NCUA Board can levy a premium if necessary. Credit Unions voluntarily capitalized the fund in 1985 by depositing 1% of their deposits into the fund. No federal tax dollars have ever been placed in the Fund, and no member has ever lost any money insured by the NCUSIF.

For more information on the NCUSIF visit the NCUA website(opens in new tab).