Like banks, credit union deposits of up to $250,000 per depositor are federally insured by the National Credit Union Share Insurance Fund (NCUSIF), a fund that is backed by the full faith and credit of the U.S. government.
In addition to this, Pathways has, and will continue to offer, private deposit insurance provided by Excess Share Insurance (ESI) for up to an additional $250,000. That is a combined volume of insured funds between public and private insurance up to $500,000.
Finally, Higher insurance levels are available to certain types of accounts like joint accounts and trusts.
No one has ever lost a single penny of insured share deposits within the credit union system.
The Credit Union Difference
Credit unions are not-for-profit financial cooperatives that exist to serve their members. Unlike banks, we do not issue stock or pay dividends to stockholders. Credit union earnings are the only way we grow our capital, and we return profits to our members through lower fees and better loan and deposit rates.
Pathways Financial Credit Union has access to a wide range of liquidity sources which ensures that we will always be able to meet our member’s savings, borrowing, and spending needs.