NCUA Share Insurance
The Lea Community Federal Credit Union is a federally chartered credit union with all accounts insured by NCUA, a government regulatory agency. All deposit balances are insured up to an aggregate of $100,000. Additionally, your retirement balances are separately insured up to $250,000 per individual.
Accounts of the Credit Union are reviewed annually by NCUA examiners to make certain safe and prudent guidelines are followed with respect to all operations of the Credit Union.
Additionally, the supervisory committee will conduct an internal audit performed by an outside accounting firm. This audit assists the board and management of the Credit Union in identifying areas that need to be addressed in order to be compliant with the rules and regulations required by NCUA.
You can be assured that your money in the Credit Union will be safe.