Deposit Insurance

Deposit Insurance

Your deposits (by account ownership) are insured to $250,000 with the highest level of security provided by the National Credit Union Administration, a U.S. Government Agency.

For deposit accounts that exceed $250,000, Mayo Employees Federal Credit Union provides additional deposit insurance of $175,000 through Excess Share Insurance, the nation's largest private deposit insurer, at no cost to members.

For IRA deposits, NCUA insurance covers deposits up to $250,000 and Excess Share Insurance provides an additional $175,000. Your IRA deposits are insured up to a total of $425,000.