The Emergency Economic Stabilization Act of 2008, signed into law on October 3, 2008, increased the insurance coverage on all accounts up to $250,000. Previously accounts were insured up to $100,000. This increase is in response to the concerns about the recent economic conditions.
This insurance protects members against losses is a federally insured credit union should fail. You can confidently join and conduct buisness with federally insured credit unions because no member has ever lost money insured by the National Credit Union Share Insurance Fund (NCUSIF). As a result Mid-Kansas Credit Union members can be assured that their accounts are secure.
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