City of Boston Credit Unions share accounts are federally insured by the National Credit Union Share Insurance Fund (NCUSIF), which is operated by the National Credit Union Administration (NCUA), a federal government agency that charters and supervises federal credit unions.  Backed in full faith and credit of the U.S. government, NCUSIF insures the accounts of millions of account holders in all federal credit unions and the majority of state-chartered credit unions.

The NCUSIF provides all members of insured credit unions with $250,000 in coverage for their individual accounts.  These accounts include regular shares, share drafts (checking accounts), money market accounts, and share certificates.  For more information about the NCUA and the NCUSIF please click here.

City of Boston Credit Union also maintains excess share and deposit insurance through Massachusetts Share Insurance Corporation (MSIC) fully insuring deposits in excess of the NCUA limits. For more information about MSIC insurance visit

As a Member of City of Boston Credit Union, you do not pay directly for your share insurance protection. City of Boston Credit Union pays into the NCUSIF a deposit based on the total amount of insured shares in the Credit Union and based upon the excess share coverage into MSIC.