Now is a great time to join PARDA Federal Credit Union! A safe, sound, and secure financial institution.
The Emergency Economic Stabilization Act of 2008 increased your insurance coverage on all accounts up to $250,000 until December 31, 2009. Share accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount (SMSIA), $250,000 as of October 3, 2008.
As a member of a federally insured credit union, you do not pay directly for your share insurance protection. Your credit union places a deposit into the NCUSIF and pays an insurance assessment based on the total amount of insured shares and deposits in the credit union.
More Information on NCUA Share Insurance from the NCUA Website.
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