Your Funds Are Safe and Secure at Tampa Bay Federal!

Member deposits are federally insured through the National Credit Union Administration (NCUA) , a government agency that is backed by the full faith and credit of the U.S. government.

The National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA, insures a member’s savings up to at least $250,000. Higher total coverage is available if the member has a combination of individual, joint, trust, payable-on-death and other types of accounts.

Individual Retirement Accounts (IRAs) are insured up to $250,000 independently from other accounts.

Accounts over $250,000 are insured by Excess Share Insurance through American Share Insurance up to $500,000.  Excess Share Insurance coverage extends the deposit insurance available to members  above that from NCUA.  It’s a unique coverage available only at a limited number of financial institutions. Excess Share Insurance is just one of the added benefits of membership with Tampa Bay Federal.  

To learn more about your insured funds and share deposit insurance please refer to the informational video on our website or contact a credit union representative at (813)247-4414.