Members' individual Savings and CD accounts are insured up to $350,000. IRA accounts
are insured for $500,000 And for joint accounts, each account holder's interest
is added together and insured up to another $350,000.
The first $100,000 of coverage on savings and $250,000 on IRAs is provided by
the National Credit Union Administration, an agency of the U.S. government. The
additional insurance is provided by the Excess Share Insurance Corp., the leading
private deposit insurer in the country. This supplemental insurance is only available
to select credit inions that meet the insurer's strict underwriting requirements.
Atlantic Federal pays all the premiums for this insurance.