At LAPFCU, your savings are insured by the National Credit Union Administration (NCUA) up to $250,000 per qualifying account and backed by the full faith of the Federal government. In addition to the NCUA Federal Insurance, we provide our members with American Share Insurance (ASI), which insures balances in excess of $250,000, up to an additional $250,000, per qualifying account.
Plus, multiple accounts can be structured to provide additional coverage. Here's an example of how a husband and wife may have accounts insured totaling $1,000,000:
| Share Insurance Example* | ||||
| NCUA Coverage | ASI Coverage | NCUA/ASI Coverage | ||
| Individual Account | $250,000 | $250,000 | $500,000 | |
| Joint Account | ||||
| Member #1 | $250,000 | $250,000 | $500,000 | |
| Member #2 | $250,000 | $250,000 | $500,000 | |
| Total Joint Account Insurance | $1,000,000 | |||
| Retirement Account | $250,000 | $250,000 | $500,000 | |
| * Information provided by American Share Insurance | ||||
If you have any questions or concerns, please feel free to call us at 877-MY-LAPFCU (877-695-2732). Thank you for being partners in a proud tradition.
