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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.)
Protection Act, provides that, on a temporary basis. through December 31, 2012, the amount held in a. noninterest-bearing transaction account by any member. or depositor is fully insured. This unlimited coverage is. separate from, and in addition to, the coverage provided to. members with respect to other accounts held at an insured. credit union. A noninterest-bearing transaction account is. defined as an account or deposit maintained at an insured.