Did You Know?
Your account at North East Texas Credit Union is insured up to a limit of $250,000 by the National Credit Union Share Insurance Fund. Deposits in Credit Unions are as safe or safer than banks.
North East Texas Credit Union also provides excess share insurance from a private insurance company, American Share Insurance. For more than 25 years, the corporation has operated as an alternative source for insuring member deposits in state chartered credit unions. Since 1983, the company has also provided excess deposit coverage for both state and federally chartered credit unions. This excess insurance provides an additional $250,000 in insurance coverage per member. IRA accounts are also insured up to $250,000.
So if the consumer wants to make safe and insured deposits in excess of $250,000, they should look to their credit union. North East Texas Credit Union is a community chartered credit union serving anyone who lives, works, or attends school in Morris, Marion, and Titus Counties.