Common use of Federal Deposit Insurance Clause in Contracts

Federal Deposit Insurance. The shares in Cyprus Federal Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States Government. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF is managed by the National Credit Union Administration (NCUA). Your share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC). This insurance is subject to the NCUA insur- ance rules and regulations, see xxx.xxxx.xxx.

Appears in 1 contract

Samples: Membership and Account Agreement

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Federal Deposit Insurance. The shares in Cyprus Federal Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States Government. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF is managed by the National Credit Union Administration (NCUA). Your share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC). This insurance is subject to the NCUA insur- ance insurance rules and regulations, see xxx.xxxx.xxx.

Appears in 1 contract

Samples: Membership and Account Agreement

Federal Deposit Insurance. The shares in Cyprus Federal Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States Government. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF is managed man- aged by the National Credit Union Administration (NCUA). Your share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC). This insurance is subject to the NCUA insur- ance insurance rules and regulations, see xxx.xxxx.xxxwww. xxxx.xxx.

Appears in 1 contract

Samples: www.cypruscu.com

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Federal Deposit Insurance. The shares in Cyprus Federal Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States Government. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF is managed by the National Credit Union Administration (NCUA). Your share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC). This insurance is subject to the NCUA insur- ance insurance rules and regulationsregula- tions, see xxx.xxxx.xxx.

Appears in 1 contract

Samples: www.cypruscu.com

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