Each credit union approved for National Credit Union Share Insurance Fund (NCUSIF) coverage must meet high standards of safety and soundness in its operations. Federal and state examiners, as appropriate, conduct regular examinations to determine whether federally insured credit unions are following these standards. If an insured credit union gets into financial difficulties and must be closed, the NCUSIF acts immediately to protect each member’s share accounts.
Learn more about how Leaders is federally insured by the NCUA on our blog.