Deposit Insurance for Banks and Credit Unions

Banks and credit unions doing business in California have deposit insurance through the Federal Deposit Insurance Corporation (FDIC) for banks and the National Credit Union Administration (NCUA) and American Share Insurance (ASI) for credit unions.

Deposit Account Coverage

In general, the FDIC (banks) and NCUA  and ASI (credit unions) provide depositors with $250,000 in coverage for their individual deposit accounts.

Insured accounts include:

• Savings
• Checking
• Money Market
• Certificate Accounts

Individuals with account balances totaling less than $250,000 at the same insured bank or credit union have full coverage.

If you have more than $250,000 in an individual bank or credit union, contact them

If you have more than $250,000 in an individual bank or a individual credit union, you will want to find out if you qualify for additional coverage.
Contact your bank or credit union to discuss deposit insurance coverage in excess of $250,000.
Additional insurance coverage is available based on rules from the FDIC or NCUA regarding retirement accounts and other types of accounts, such as trust accounts.

Insurance for Retirement Accounts

Certain retirement accounts, such as Individual Retirement Accounts, are insured up to $250,000 per depositor per insured bank or per insured credit union.

More Information:

• Banks: FDIC - Deposit Insurance
• Credit Unions: NCUA - Share Insurance and ASI – American Share Insurance

Resources for Bank Customers

• FDIC Electronic Deposit Insurance Estimator (Spanish)
  Online tool that allows you to calculate your FDIC insurance coverage for each FDIC-insured bank where you have deposit accounts.
• FDIC Deposit Insurance Coverage FAQs
  Answers to frequently asked questions about deposit insurance.
• Insuring Your Deposits (Spanish)
  Information from the FDIC about the insurance of deposits.
• What Happens when a Bank Fails?
  Information from the FDIC about what happens when a bank fails.
• FDIC Depositor Bill of Rights
  Depositor's bill of rights from the FDIC.
• FDIC Deposit Insurance Brochure (PDF)
  Also available in: SpanishKoreanVietnamese

DFI Customers of State Financial Institutions Brochure (PDF)

Available in seven languages.

FDIC
The FDIC is an independent agency of the federal government and insures deposits in banks and thrift institutions for at least $100,000.

www.helpwithmybank.gov
Answers and solutions for customers of a national bank.

Resources for Credit Union Customers

• FAQs about the NCUSIF
  Answers to frequently asked questions about the National Credit Union Share Insurance Fund.
• Your Insured Funds Brochure (PDF) (Spanish)
  Informative brochure about credit union share insurance.
• NCUA
  The NCUA is the federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions.
• ASI
  American Share Insurance (ASI) provides primary and excess share or deposit insurance exclusively to credit unions.