The recent passage of the Emergency Economic Stabilization Act is the culmination of a month-long series of significant and beneficial legislative changes for credit unions.This act does require NCUA to immediately increase share insurance protection to $250,000 on all types of accounts until December 31, 2009.

Savings in every federally insured credit union are backed by the National Credit Union Share Insurance Fund (NCUSIF), a fund maintained by the U.S. Treasury.The NCUSIF is administered by the National Credit Union Administration, an agency of the federal government. This agency insures your accounts at TECU.  Your account is now insured up to $250,000.  However, it is important to understand that, depending on the type and ownership of accounts that you have with TECU, your may have additional insurance coverage.

To learn more click here or call Member Services.