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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.)
Beginning January 1, 2013, all types of trust accounts, including IOLTAs (Interest on Lawyer Trust Accounts), reverted to the standard maximum deposit insurance amount of $250,000. The FDIC considers IOLTA accounts fiduciary in nature, which makes them eligible for pass-through coverage on a per-client basis.