Deposit Insurance by NCUA
Dupaco is strong, safe, and secure.
At Dupaco, your deposits are federally insured, including your IRA account, up to $250,000, by the National Credit Union Administration (NCUA), a U.S. government agency. Click here for notice of changes in temporary NCUA insurance coverage for transaction accounts.
At Dupaco, we also take additional measures to be sure your money is secure. We bond every one of our company officials and staff members, conduct annual audits—both internally and through an accredited accounting firm, and our records are examined regularly by the NCUA and State of Iowa Credit Union Division. In addition, we maintain a financially strong reserve position to ensure your protection.
Since 1992, Dupaco has also received a five-star “superior” rating for safety from Bauer Financial Reports, a Coral Gables, FL, research and ratings firm. This top award recognizes Dupaco as one of the strongest and safest institutions in the United States.
Members with deposits exceeding insured limits can also garner additional coverage through account titling. Contact our Member Services Department at (563) 557-7600 / 800-373-7600, ext. 206, or firstname.lastname@example.org for more information.
What’s the Difference Between NCUA and FDIC?
As previously mentioned, the federal insurance safety net at credit unions is provided by the National Credit Union Administration (NCUA), a U.S. Government Agency.
Members’ funds at Dupaco and the nation’s federally insured credit unions are guaranteed under the National Credit Union Share Insurance Fund (NCUSIF), to the same levels and safety as the FDIC insured accounts. NCUSIF, like the FDIC, is backed by the full faith and credit of the United States. Like FDIC insurance, credit union savings are insured to at least $250,000. To estimate your total amount of federal insurance coverage at your credit union, visit the NCUA insurance calculator at http://webapps.ncua.gov/ins/.
In short, Dupaco member accounts are just as safe and sound as those at FDIC-insured institutions. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.
Should you have questions on deposit insurance, contact our Member Services Department at (563) 557-7600 / 800-373-7600, ext. 206, or e-mail email@example.com. In addition, the NCUA Insurance Call Center, operating from 8 a.m. to 6:30 p.m. (EST) Monday through Friday, has insurance experts available to answer questions about the coverage provided by NCUA share insurance. The Insurance Call Center number is 800-755-1030, ext. 1.
In addition, the NCUA has made available an electronic tool kit online at http://www.ncua.gov/ShareInsurance/Index.htm.