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NCUA and ESI Insurance

At Oklahoma Central Credit Union, each member's deposit accounts are insured up to $250,000 by the National Credit Union Administration and an additional $250,000 by Excess Share Insurance.

In the history of the United States, no person has ever lost money on insured credit union deposits that are less than $250,000 per account.


The National Credit Union Administration

The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund created by Congress in 1970 to insure member's deposits in federally insured credit unions. On July 22, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law and included permanently establishing NCUA’s standard maximum share insurance amount at $250,000. All deposit insurance resources reflect this higher level of coverage.

Administered by the National Credit Union Administration, the NCUSIF is backed by the full faith and credit of the U.S. Government.

Excess Share Insurance – Additional coverage and convenience

Excess share (deposit) insurance provides up to $250,000 of additional share insurance for credit union members’ accounts when their balances exceed the maximum level of coverage provided by their credit union's primary share insurer.

Primary share insurance for Oklahoma Central Credit Union is provided by the National Credit Union Administration (NCUA), the administrator of the federal credit union deposit insurance program. 

ESI provides additional share insurance to Oklahoma Central Credit Union members for no additional cost and provides increased peace of mind.  ESI has demonstrated financial stability and support of the credit union industry since 1993. The company provides share insurance solely to credit unions.

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