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Home > Invest & Insure > Share Insurance
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Through the National Credit Union Administration (NCUA), your Checking, Savings, and Certificate accounts are insured to at least $250,000. In addition, certain retirement accounts, such as IRAs, are insured separately up to $250,000.
The NCUA is the National Credit Union Administration-the federal agency that charters and oversees credit unions. The NCUA also insures member accounts through the National Credit Union Share Insurance Fund (NCUSIF), established by Congress in 1970.
Insurance provided by the NCUSIF is similar to the insurance provided by banks through the Federal Deposit Insurance Corporation (FDIC). Your savings, checking, and certificate accounts are insured up to $250,000—just like FDIC coverage. And like FDIC coverage, NCUSIF insurance is backed by the full faith and credit of the United States government. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.
All credit unions insured by the NCUSIF must meet high standards of safety and soundness. ChevronWest holds itself to even higher standards than the NCUSIF requires. We are one of the most well capitalized credit unions in the country. When you deposit funds in a ChevronWest account, you can rest assured that your money will be there for you when you need it. Safe. Secure. Protected.
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