The National Credit Union Administration
South Florida Federal Credit Union is federally insured by the
National Credit Union Administration (NCUA).
The National Credit Union Administration is the independent federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF).
The NCUSIF is a federal fund backed by the full faith and credit of the United States government and insures the savings of 80 million account holders in all federal credit unions and many state-chartered credit unions.
As of October 2008, properly established share accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount which is $250,000.
You may obtain additional separate coverage on multiple accounts, but only if you have different ownership interest or rights in different types of accounts and you properly complete account forms and applications.
Please review the NCUA brochure Your Insured Funds or contact us at 786.533.1700.