NCUA Insurance

Your accounts are federally insured!

Alliant has stood financially strong since 1935. And you can rest even easier, because your money is federally protected by the National Credit Union Administration (NCUA). No member of a federally insured credit union has ever lost one penny of insured savings.

Open savings account

How to get the most account protection

Similar to FDIC insurance, NCUA insurance is backed by the United States government. It covers an individual’s deposit accounts at a credit union up to $250,000. However, there are a few ways to get more coverage.

  • Individual-owner Alliant accounts. You are insured up to $250,000 in combined balances for savings, checking and certificates, per Social Security Number, per membership.
  • Joint-owner Alliant accounts. If in addition to your individual account, you are a joint owner on an account, each joint owner may be insured up to an additional $250,000.
  • IRA accounts. A distinction is made between share/deposit IRA accounts and investment IRA accounts. Share/deposit IRA accounts – the IRAs described on our website’s Traditional IRA, Roth IRA and SEP IRA pages – are insured up to an additional $250,000 per member. Investment IRA accounts – those opened through Alliant Retirement and Investment Services – are not insured by the NCUA.
  • Custodial and trust accounts. Custodial and trust accounts may be covered up to $250,000 per beneficiary, per account owner. Coverage amounts depend on the ownership structure of the account and the number of beneficiaries. Consult your estate planning attorney for guidance on how to set up your trust accounts.

Example: How to increase NCUA insurance coverage

Taylor has a checking account, two savings accounts and a certificate at Alliant. As an individual, all three of Taylor’s Alliant accounts are federally insured by NCUA up to $250,000 total.

Taylor adds another Alliant member, Jamie, as a joint owner to the checking account:

NCUA insured example

In this example, if Taylor adds another Alliant member as a joint owner to any of their deposit accounts, those accounts will be insured by an additional $250,000.

Estimate your own coverage

Use the NCUA Insurance Estimator for details specific to your family’s accounts.

NCUA insurance calculator

Looking to put these examples into action?

Please note that the information above is intended to help educate you on the basics of NCUA insurance. However, this is not legal, tax, investment or financial advice. Please consult your personal financial advisor or visit www.ncua.gov for more details.

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