If two or more persons, such as husband and wife, have a joint account in the same credit union as well as their own individual accounts, is each account separately insured?

Yes. A person’s interest in joint accounts are insured separately up to $250,000, provided
each co-owner has personally signed an account signature card and has a right of withdrawal on 
the same basis as the other co-owners. However, the insurance protection for a co-owner 
on joint accounts is not increased by rearranging the names of the owners, changing the style of 
names, or by establishing more than one joint account. The interests that a particular co-owner has in all joint accounts held in the same credit union will be added together and insured up to 
$250,000. 

Learn more about how Leaders is federally insured by the NCUA on our blog.