Yes. The National Credit Union Administration (NCUA) operates the National Credit Union Share Insurance Fund (NCUSIF) to protect accounts at federally insured credit unions up to $250,000. The $250,000 in coverage applies to each share owner (member), per insured credit union, for each account ownership category. For more information, you can review the “How Your Accounts are Federally Insured” pamphlet (https://ncua.gov/files/publications/guides-manuals/NCUAHowYourAcctInsured.pdf) and “Your Insured Funds” booklet https://mycreditunion.gov/sites/default/static-files/insured-funds-brochure.pdf) by the NCUA.

To estimate your coverage, use the “Share Insurance Estimator” on the NCUA’s website. (https://mycreditunion.gov/protect-your-money/share-insurance/share-insurance-estimator)