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Are the funds in my account insured?

Yes. Member funds in City CU accounts are federally protected by the National Credit Union Administration (NCUA). The NCUA insures up to $250,000 per depositor, per institution, per ownership category. “Ownership category” refers to account type, usually single or joint. If you have a single and a joint account at the same institution, both are insured up to the $250,000 limit.

This protection is similar to (and for the same amount as) the Federal Deposit Insurance Corporation’s (FDIC) protection of bank account funds.

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