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.
- 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.
- 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
Available in seven languages.
The FDIC is an independent agency of the federal government and insures deposits in banks and thrift institutions for at least $100,000.
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.
The NCUA is the federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions.
American Share Insurance (ASI) provides primary and excess share or deposit insurance exclusively to credit unions.