Share Insurance

The recent news of failing banks, government bail outs, and crashing stocks has a lot of people wondering if their money on deposit in our credit union is protected. Well, rest assured that at APG Federal Credit Union, your money is safe, secure, and federally insured.

As a federally chartered credit union, APG Federal Credit Union is supervised by the National Credit Union Administration (NCUA). NCUA is the federal agency that also insures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government. The insurance is automatic and paid for by APG Federal Credit Union. There is no sign up required.

Most properly established share accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount (SMSIA), which is $250,000 for regular share accounts and up to $250,000 for certain retirement accounts, such as IRAs and Keoghs.

The NCUSIF share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC). Visit for more information and to use the NCUA Share Insurance Estimator -- an educational resource about share insurance and detailed explanation of coverage. You can also request the Your Insured Funds brochure from any branch location.

For questions, call APG Federal Credit Union at 410-272-4000.