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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.)
The minimum account opening amounts for Union Bank IRA CDs are $350 for a Fixed Rate IRA CD, $500 for an 18-Month Variable Rate IRA CD, and $25,000 for a Retirement Income IRA CD (must be age 59 1/2 or older to open an account) or a Bonus Rate IRA Rollover Account (new deposits only).