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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.)
Welcome to FORUM! FORUM Credit Union is a member-owned financial cooperative. Opening an account is easy! Once your account is opened, you are a FORUM member. As a member, $5 from your savings account is placed on hold (not available for withdrawal) for as long as you have your account. This $5 represents your ownership in the credit union.