Credit Union News

NCUA Protection Made Permanent

RBFCU has always taken pride in being strong and secure, and in providing protection to our members. With the recent passage of new legislation, RBFCU members can feel even more confident in their selection of a credit union as their financial institution of choice.

Credit union accounts are now permanently insured by the National Credit Union Share Insurance Fund (NCUSIF) up to $250,000. While accounts were previously insured to this amount through December 2013, the new legislation makes the federal insurance protection official and permanent.

This NCUSIF is backed by the full faith and credit of the U.S. Government and covers non-retirement deposit accounts. IRA accounts are covered up to $250,000. If you have more than $250,000 on deposit with RBFCU, you can structure your accounts to make sure the maximum amount is insured.*

As an RBFCU member, you can rest assured that your accounts are protected, and that your credit union is strong. RBFCU continues to be ranked as one of the strongest credit unions in the country.

* Contact a Member Service Representative to find out more details.