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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.)
Featured Credit Union: Lake Michigan Credit Union (LMCU) LMCU is featured here based on its impressive high yield checking account, which is higher than those offered by most traditional banks and credit unions. Lake Michigan Credit Union offers one of the highest interest yield accounts in the US. The firmâs high yield, no fee checking account (Max Checking) pays an eye-popping 3% on balances up to $15,000. You can earn up to $450 a year if you leave $15,000 in your account each month.