Ramses Delgado, Banking Moderator
@ramses_delgado1
Yes, your money is safe in TruMark Financial Credit Union. As a member of the National Credit Union Administration (NCUA), TruMark Financial Credit Union guarantees that your deposits are protected up to $250,000 per depositor for each qualifying account ownership category. This coverage applies to checking accounts, savings accounts, and CDs.
TruMark Financial Credit Union’s insurance coverage starts automatically as soon as you open an account with them. It's important to note that NCUA insurance covers traditional deposit accounts and does not insure investment products like stocks, bonds, mutual funds, annuities, or life insurance policies.
If you have amounts exceeding the standard insurance limit, there are strategies to maximize your NCUA coverage, such as opening accounts in different ownership categories or adding beneficiaries to your accounts. Rest assured, within the NCUA limits, your money is safe with TruMark Financial Credit Union.
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