UPDATE: Federal Government Extends Share Insurance

The Helping Families Save Their Homes Act of 2009, signed into law on May 20, 2009, continued an increased level of insurance coverage on all accounts of up to $250,000 through December 31, 2013.

Also, previous legislation that increased NCUSIF coverage for retirement accounts also has a provision
for potential increases in the insurance limits on all share accounts, including retirement accounts, every five years. This process will begin in 2011. Changes, if they occur at all, will be based, in part, on inflation.

For more information, please visit NCUA's website here.