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Your Money at First Northern is Safe, Sound & Insured

Your First Northern deposits are federally insured to at least $250,000

Credit unions like First Northern are regulated by the National Credit Union Administration (NCUA) and insured by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States government.

Established by Congress in 1970 to insure member share accounts at federally-insured credit unions, NCUSIF is similar to deposit insurance coverage provided by the Federal Deposit Insurance Corporation (FDIC), and credit union members have never lost a penny of insured savings at a federally-insured credit union. 

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Ensuring your deposits remain insured to at least $250,000

If you and your family have $250,000 or less in all of your share deposit accounts at the same insured credit union, you do not need to worry about your insurance coverage — your shares are fully insured.

A member can have more than $250,000 at one insured credit union and still be fully insured provided the accounts meet certain requirements and are properly structured. For additional information on this, contact us and we can help, or review the publications below.

In addition, federal law provides for insurance coverage of up to $250,000 for certain retirement accounts.

Share Insurance Coverage Overview  How Your Accounts Are Federally Insured Your Insured Funds

*These share insurance coverage limits refer to the total of all shares that account owners have at each federally-insured credit union. The listing above shows only the most common ownership types that apply to individual and family shares, and assumes that all NCUA requirements are met.