Backed by the United States Government.
Your Deposits Are Federally Insured
Savings at Waypoint are insured to at least $250,000 per individual depositor by the National Credit Union Share Insurance Fund, an arm of the federal government.
How Share Insurance Works
The National Credit Union Share Insurance Fund is run by the National Credit Union Administration, an independent federal agency. It insures deposits at federally insured credit unions, backed by the full faith and credit of the United States Government. No member has ever lost insured savings at one.
What You Should Know
At Least $250,000
Coverage is at least $250,000 per individual depositor, per insured credit union.
Coverage Can Be Higher
Accounts held in different ownership categories can be insured separately, above $250,000.
What Is Covered
Share savings, checking, money market, share certificates, and IRA share accounts.
What Is Not Covered
Investments, insurance products, and the contents of a safe deposit box are not insured.
It Costs You Nothing
Share insurance is automatic on eligible accounts. There is nothing to sign up for.
Check Your Own Coverage
The NCUA Share Insurance Estimator shows your covered amount based on how accounts are titled.
Common Questions
Both are federal deposit insurance programs, both cover at least $250,000 per depositor, and both are backed by the full faith and credit of the United States Government. The NCUA insures credit unions. The FDIC insures banks.
Coverage can extend beyond $250,000 depending on how your accounts are titled and how many ownership categories you use. Run your accounts through the NCUA Share Insurance Estimator, then call us at 860-886-0576 and we will go through the structure with you.
No. The merger did not change your share insurance coverage.
No. Investment and insurance products are not deposits, are not NCUA insured, carry no credit union guarantee, and may lose value. Only your share accounts are covered.
Peace of Mind Comes Standard
Every eligible Waypoint account is federally insured from the day you open it. If you want to review how your accounts are titled, we are happy to sit down with you.
Important Disclosures
Your savings are federally insured to at least $250,000 by the National Credit Union Administration, a U.S. Government Agency, and backed by the full faith and credit of the United States Government.