MSIC Fully Insures ALL Excess Shares and Deposits of Massachusetts Based Member Credit Unions
MSIC fully insures excess shares and deposits above the federal insurance limit of $250,000 at ALL of its member credit unions. Prior to 2010, deposits were only insured up to $600,000 or $1.2 million for accounts held jointly or by organizations. As of November 7, 2010, these deposit limits have been removed and MSIC now fully insures excess shares and deposits without limits that exceed NCUSIF coverage. Click here for our Brochure.