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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.)
Each share you hold in your credit union is equal to â¬1/Â£1stg. Depending on the rules of your credit union, to be a member there will be an entrance fee of not more than â¬1.27/Â£1stg and you will need to hold a minimum savings of between one and ten shares.egular saving with your credit union is an even better idea. At your credit union, youâre not just a customer, youâre a member of a successful financial co-operative.