National Credit Union Share Insurance -
The National Credit Union
Share Insurance Fund insures all YEFCU members' share accounts up to $250,000
per account. Members can rest assured their money is safe at YEFCU.
NCUSIF Self-Directed Retirement Account Insurance
- This account category includes IRAs and Keogh accounts. These
accounts are insured separately from non-retirement funds, with each type
insured up to $250,000. Funds in traditional IRAs and Roth IRAs
are added together and insured in the aggregate to $250,000. For
deposit insurance purposes, the Coverdell Education Savings Account is not
considered an IRA, but is treated as an irrevocable trust account.
Thus, your Coverdell funds will be added with any irrevocable trust account
funds and insured separately up to 100,000.
Disability Insurance - Credit Disability Insurance can be purchased
for any loan at a minimal cost. The member is covered for just about any
kind of illness or disability (except pregnancy). Loan payments are
covered after the first 14 days of disability.
Credit Life Insurance - When taking out a loan, members can protect
their families and themselves with
Member Elect Credit Life Insurance. This low cost protection will pay off the loan
upon the death of the borrower. Joint Credit Life Insurance is also available
to cover both the borrower and the spouse.
