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This provides deposit insurance for credit unions in much the same way as the FDIC provides insurance for banks. Look for the NCUA logo at your credit union's teller stations. The standard maximum limit is $250,000 per individual account holder, per federally insured credit union. (To check on whether your credit union accounts are fully covered, use NCUSIF's coverage estimator at http://webapps.ncua.gov/ins.)
A basic (but important) commonality between credit unions and banks is that both types of financial institutions insure funds up to $250,000 for each depositor. Banks are insured by the Federal Deposit Insurance Corporation (FDIC) while credit union accounts are insured by the National Credit Union Association (NCUA).