The National Credit Union Administration (NCUA) has increased the insurance coverage on all insured accounts up to $250,000 through December 31, 2013.

Did you know that no member has ever lost a penny of insured savings at a federally insured credit union? This includes MAX members. MAX has always been committed to very conservative and cautious lending and financial management practices. MAX’s responsible operating standards have kept us stable through fluctuating economic conditions, which have recently had negative effects on certain other financial institutions.

The NCUA is an independent agency of the United States Government. NCUA regulates, charters, and insures the nation's credit unions. MAX is a state-chartered credit union and maintains the maximum federally insured coverage available by the NCUA. MAX member deposits are automatically covered by the NCUA. Members do not have to sign up for the coverage, as some banks require for FDIC insurance.

The NCUA insures MAX through the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF is a federal fund “backed by the full faith of the United States government.” MAX must maintain “high standards of safety and soundness” set by the NCUA in order to provide NCUSIF share insurance to our members. This means MAX is continually audited by federal and state examiners to make sure we abide by these standards. For specific questions regarding NCUA Share Insurance, you may call the NCUA Insurance Call Center at 1-800-755-1030, extension 1.

Learn more about the NCUA »

NOTICE OF CHANGES
IN
TEMPORARY NCUA COVERAGE
FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.

The term "noninterest-bearing transaction account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal ("NOW") account, money-market deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.