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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.)
If you have set up the account via Internet Banking, there is a cumulative limit of $5000 per account per day. There is a maximum limit of $25,000 per day. For example, if you have 5 different accounts, you can transfer $5,000 to each account per day.To increase the daily limit to $100,000, complete the Internet and Phone Banking-Payee Account Information (also known as 'Third Party') form and return it to the specified department.or example, if you have 5 different accounts, you can transfer $5,000 to each account per day. To increase the daily limit to $100,000, complete the Internet and Phone Banking-Payee Account Information (also known as 'Third Party') form and return it to the specified department.