Return to the Home Page
Return to Home Page
Federal Deposit Insurance

When you save at Hoya Federal Credit Union, you can sleep soundly — your savings are safe and secure. That’s because all of our deposit accounts are insured up to at least $250,000 by the NCUA, a well-respected government agency. Individual Retirement Accounts (IRAs) are separately insured up to $250,000. What’s more, no member has ever lost a dime insured by the NCUA.

Make Hoya Federal Credit Union the place where you invest for worry-free savings.

NOTICE OF CHANGES IN TEMPORARY NCUA INSURANCE 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 checking account (or demand deposit account) on which the credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, money market deposit account, 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.