Increased Insurance Coverage on Your Accounts at Allegiance

Tue, 03/18/2008 - 14:47 by acu_shauna

Increased Insurance Coverage on Your Accounts at Allegiance

Did you realize that your share accounts are now insured up to $350,000 and your retirement accounts are insured up to $500,000? This exceptional level of coverage is attained through a combination of federal insurance by the National
Credit Union Association (NCUA) and private insurance by Excess Share Insurance Corporation (ESI).

NCUA insures individual share accounts to a maximum of $100,000, regardless of the number of accounts you may have. NCUA insures IRA accounts up to $250,000.

In addition, your Board of Directors has chosen to provide an extra $250,000 of coverage to qualifi ed share and retirements accounts through ESI, a licensed property and casualty insurance company available to credit unions since 1993.

With this combined coverage, your accounts are protected up to $350,000 and $500,000 for your share and IRA share accounts respectively. Contact
an Allegiance offi cer if you have questions about coverage for any of your accounts.