NCUA Insurance
Your money deserves federal protection.
And a great credit union.
As a federally insured credit union, your money at Texas Tech Credit Union is protected by the full faith and credit of the U.S. government.
What federal deposit insurance actually protects.
At least $250,000 per depositor
Each account ownership category receives separate protection, so your coverage can extend well beyond $250,000.
No member has ever lost a penny.*
Since the NCUA was established in 1970, no credit union member has ever lost a penny of insured savings. That's over 50 years of unbroken protection.
Backed by the U.S. government.
The NCUA is an independent federal agency created by Congress. Your deposits aren't just insured — they're federally guaranteed.
Covers many account types.
NCUA insurance covers checking accounts, savings accounts, CDs, and Money Market Accounts.
NCUA vs. FDIC: what's the difference?
Whether you bank at a credit union or a traditional bank, federal protection works the same way.
NCUA
Coverage per ownership category
$250,000
Backed by
U.S. Government
Accounts Covered
Checking, savings, Money Market Accounts, CDs, IRAs
Who it protects
Credit Union Members
Automatic enrollment
Yes
FDIC
Coverage per ownership category
$250,000
Backed by
U.S. Government
Accounts Covered
Checking, savings, Money Market Accounts, CDs, IRAs
Who it protects
Bank Customers
Automatic enrollment
Yes
* Federally insured by the National Credit Union Administration (NCUA). Insurance applies to deposits to at least $250,000. NCUA insurance covers share savings, checking, money market, certificate, and IRA accounts. It does not cover investments such as stocks, bonds, mutual funds, annuities, crypto assets, or the contents of safe deposit boxes.
Wondering if Your Credit Union Offers the Same Protection?
Use the NCUA's official tool to see if your current credit union is backed by the U.S. government.
Local banking, backed by federal protection.
At Texas Tech Credit Union, you're more than a customer. You're a member, and that means your needs always come first. As a not-for-profit, member-owned credit union with deep roots in the Texas Tech community, we're built to serve you — not shareholders. Your deposits are federally insured by the NCUA, giving you the peace of mind that comes with banking at a federally protected institution.
Find out how much of your money is protected
Use the official NCUA insurance estimator to calculate exactly how much of your deposits are protected across checking, savings, CDs, and more.
Safe, local, and member-owned.
Become a member and experience banking backed by federal protection and genuine member service.