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Tremont Credit Union's Insurance Coverage
All accounts are insured to at least $250,000 and backed by the full faith and credit of the United States Government by the NCUA, the National Credit Union Administration, an agency of the federal government.
In addition Tremont Credit has made sure that no portion of your share or deposit accounts will be uninsured to certain legal limits. Massachusetts Credit Union Share Insurance Corporation (MSIC) provides additional deposit insurance to credit union members up to the following thresholds:
Single Accounts:
Accounts with one name:
Savings, Checkings, CD's, etc. |
$600,000 |
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Joint Accounts:
Accounts with two or more names:
Savings, Checkings, CD's, etc. |
$1,200,000 |
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Organization Accounts: |
$1,200,000 |
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Club Accounts: |
$10,000 |
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IRA Accounts: |
unlimited |
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