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 

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