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 $250,000 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 $250,000. Your IRA deposits are insured up to a total of $500,000.
Your hard-earned money is safe at MEFCU.