VacationLand Federal Credit Union (VLFCU) recently increased the insured amount of their members’ deposits. As of December 1, 2018, deposits became insured up to $750,000.
This exceptional level of coverage is attained with the first $250,000 provided by the NCUA Share Insurance Fund (NCUSIF) and up to an additional $500,000 in private insurance from the Excess Share Insurance Corporation (ESI). Previously, deposit accounts at the credit union were insured up to $500,000.
“We are pleased to continue our long-standing partnership with ESI by providing our members with this enhanced level of protection for their deposit accounts,” stated Bryan Myers, CEO.
Currently, VLFCU is the only financial institution in Ohio to offer this level of deposit protection. For additional information, contact VacationLand Federal Credit Union at 1-800-691-9299 or stop by one of our five local branches.