Deposits at Purdue Federal are federally insured through the National Credit Union Share Insurance Fund of the National Credit Union Administration (“NCUA”), an independent agency of the U.S. Government. Deposits may also be insured through Excess Share Insurance (ESI) for accounts that qualify to a combined total of $500,000. Additional coverage amounts vary by account type and ownership. For example, joint ownership accounts are insured separate from individual accounts. Business accounts are not eligible for ESI, but do have coverage through the NCUA. To estimate the share insurance coverage for your accounts, please visit NCUA’s Share Insurance Estimator at www.mycreditunion.gov/estimator.
To see our most recent Annual Report, click here.