Tips for Maximizing the Safety of Your Deposits

As a member of Fortera Credit Union, you are an owner of our not-for-profit financial cooperative. Our first priority is your financial success and security. It is important to us that you are aware of the ways in which your money is safe and working hard for you.

How Your Deposits are Protected

  • Federally insured credit unions offer a secure place for members to deposit money. Credit union deposits are protected by the National Credit Union Share Insurance Fund and are insured up to at least $250,000 per depositor – the same as any other federally insured financial institution. Since the National Credit Union Administration was founded, credit union members have never lost a penny of insured savings at a federally insured credit union.
  • The credit union industry remains strong and well capitalized. Unlike the banking system where 50% of deposits are insured, over 90% of credit union deposits are insured by the federal government.
  • Fortera Credit Union was chartered almost seven decades ago and continues to be ranked as one of the strongest credit unions in the country. You can be assured that your money is safe and sound at a credit union well poised for the future. We have an experienced team that expertly manages your Credit Union’s performance and is available answer to any questions or concerns you may have. If you have any questions, please reach out to us via text or phone call at 931.431.6800 or you may video or web chat with us.

Tips for Maximizing the Safety of Your Deposits

Individual members with deposits in excess of $250,000 can structure multiple deposit accounts to obtain maximum NCUSIF coverage. The chart pictured shows how a two-person family can achieve up to $1,500,000 of coverage.

Our Fortera Wealth Management - Infinex Financial Advisors* can also provide you with valuable resources for maximizing your financial health. If you have questions about your member benefits or would like to speak to a Fortera Wealth Management - Infinex Financial Advisor, please give us a call at 931.431.6800.

Helpful Resources

* Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Fortera Wealth Management is a trade name of Fortera Credit Union. Infinex and Fortera Credit Union are not affiliated. Products and services made available through Infinex are not insured by NCUA or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including possible loss of value.

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