Is My Money Safe?
The Michigan Department of Insurance and Financial Services, Office of Credit Unions is responsible for regulating and examining Michigan’s state-chartered credit unions. All Michigan’s state-chartered credit unions are federally-insured.
The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration (NCUA), an agency of the federal government, insures deposits of credit union members at state-chartered credit unions nationwide. Deposits are insured up to $250,000. For more information on how deposits are insured, visit the NCUA’s resource page.