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Your Accounts are Insured

Each member's funds are insured to at least $250,000 by the National Credit Union Administration, an agency of the United States Government.

Individual Accounts

Each member's funds are insured to at least $250,000 by the NCUA (National Credit Union Administration), an agency of the United States Government. NCUA insurance at a credit union is similar to FDIC insurance at a bank.

The $250,000 limitation applies to the total of a person's funds in checking, savings, and certificate accounts for which Star One is liable.

Actual title to each insured account must be in the name of the account holder named. Thus, if a member sets up a number of accounts under different names with no intention of creating the indicated ownership interests with respect to the funds, savings insurance will not be increased. The funds will be insured only as the funds of the true owner.

  • Read the NCUA's Your Insured Funds, which provides detailed information about your share insurance.
  • Try the NCUA Insurance Estimator calculator. It can assist in determining if you have adequate savings insurance for your Star One accounts.
  • The NCUA Insurance Call Center, operating from 8:00 am to 6:30 pm EDT Monday through Friday, has insurance experts available to answer questions about the coverage provided by NCUA (credit union) share insurance. The toll-free Insurance Call Center number is (800) 755-1030 extension 1.

Joint Accounts

In addition to their individual insured accounts, each person is entitled to a maximum of $250,000 coverage for their interest in all of their joint accounts.

Other Accounts

Revocable Trust Accounts, Tentative or "Totten" Trust Accounts, Payable-on-Death Accounts and qualifying Living Trust Accounts

These accounts, or any similar accounts which evidence an intention that the funds shall pass on the death of the owner to a named beneficiary, are considered revocable trust accounts and are insured as a form of individual account.

The funds in such accounts are insured for the owner up to a total of the $250,000 Standard Maximum Share Insurance Amount (SMSIA) for each beneficiary separately from any other individual accounts of the owner.

If the beneficiary is not a natural person or charitable organization or other non-profit entity under the Internal Revenue Code of 1986, the funds in the account that are attributable to that beneficiary are treated as an individually owned account of the owner, aggregated with any other individual accounts of the owner, and insured to the $250,000 SMSIA.

Individual Retirement Accounts

Any funds in IRA Accounts are eligible for separate insurance protection up to $250,000. They are not included in the chart above because they are subject to special rules for deposit and withdrawal.

Revocable Trust Accounts of One Grandparent for the Other

Grandparents must be married to each other in order for the revocable trust accounts of one for the other to be separately insured.

About the Information on this Page

Star One cannot officially sanction and approve this page because the examples, although generally accurate, are designed to simplify in layman's terms rather complex rules that in some circumstances may only be fully understood in the statutory and regulatory context in which they were written.

NCUA Insurance Examples

Individual Accounts:
Husband $250,000
Wife $250,000
Joint Accounts:
Husband & Wife $500,000
Revocable Trust Accounts:
Husband as Trustee for Wife $250,000
Wife as Trustee for Husband $250,000
Maximum $1,500,000


Individual Accounts:
Husband $250,000
Wife $250,000
Child Number One $250,000
Child Number Two $250,000
Joint Accounts:
Husband & Wife $250,000
Husband & Child Number One $250,000
Wife & Child Number Two $250,000
Child Number One & Child Number Two $250,000

None of the co-owners has an interest of more than $250,000 in all of the joint accounts, so the total amount held by each of the co-owners in all of the joint accounts is insured.

Revocable Trust Accounts or POD Accounts:
Husband as Trustee for Wife $250,000
Wife as Trustee for Husband $250,000
Husband as Trustee for Child Number One $250,000
Wife as Trustee for Child Number One $250,000
Husband as Trustee for Child Number Two $250,000
Wife as Trustee for Child Number Two $250,000
Maximum $3,500,000