SkyOne your savings are federally insured by the National Credit Union Administration (NCUA), a U.S. Government Agency.
The NCUA provides this share insurance coverage through the National Credit Union Share Insurance Fund (NCUSIF)—a fund in which all federally insured credit unions, like SkyOne, contribute to ensure their members’ funds are protected. This fund protects the deposits of millions of credit union members nationwide.
See how much of your deposit is insured
Check out NCUA's Share Insurance Estimator.
How to Maximize Your Protection
If you have more than $250,000 with SkyOne, your share insurance can be increased if accounts are held in different ownership categories.
You can also increase your coverage by adding a joint owner to your account—a two person joint account can have up to $500,000 in coverage. This coverage is in addition to the coverage available for other accounts such as individual accounts and retirement accounts.
Here's an example of how a family of two can maximize their share insurance:
|Account Title||Coverage Amount||Alert Me|
|Individual Account for Husband||$250,000|
|Individual Account for Wife||$250,000|
|Joint Account for Husband and Wife||$250,000|
|Husband with Wife as Beneficiary||$250,000|
|Wife with Husband as Beneficiary||$250,000|
|IRA for Husband||$250,000|
|IRA for Wife||$250,000|
|Total Insured Funds||$2,000,000||Alert Me|