New Horizon FCU is a federally-insured credit union, which means the following:
- Deposits into New Horizon FCU Share Accounts, including Share Certificates, are insured for up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF).
- Deposits into New Horizon FCU IRAs, including Coverdell Education Savings Plans, are insured for up to $250,000 by the NCUSIF.
- Other specific deposit types at New Horizon FCU may qualify for additional coverage, including revocable trust (payable on death) accounts.
The NCUSIF, which insures the deposits listed above, is backed by the full faith and credit of the United States government and is managed by the National Credit Union Administration (NCUA). For specific information on Deposit Insurance, contact us at 330-745-8897 or visit the NCUA’s “Share Insurance Toolkit” here.