iQ Credit Union is pleased to provide each of your IRA and Money Market accounts with extra protection through ESI, a whollyowned subsidiary of American Share Insurance, the nation’s largest private deposit insurer, which only insures credit unions meeting its high standards.
Now your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States government through the National Credit Union Administration. I encourage you to visit their web site for more information.
$250,000 Additional Coverage
Here at iQ, we go one step further. We provide all of your savings with additional excess share insurance of up to $250,000 through ESI for a maximum benefit of up to $500,000 per account. Additionally, iQ provides another $250,000 of insurance on all qualified IRA deposits up to a total of $500,000 in coverage per member.
How much does this increased coverage cost?
The credit union pays ESI for the additional coverage. There is no direct cost to you.
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