Deposit Coverage You Can Trust
At OAS FCU, we keep your deposits safe and simple. The National Credit Union Share Insurance Fund (administered by NCUA) protects eligible deposit accounts at federally insured credit unions — including ours — up to $250,000 per ownership category. That protection applies to everyday deposit accounts like share savings, share draft checking, share certificates, and club accounts.1
Why it matters
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Automatic protection
No application needed — your deposits are covered as soon as you join.1 -
Clear limits
Up to $250,000 per ownership category (individual, joint, retirement, and certain trust types).1 -
Practical for international
NCUA protection applies to members worldwide; some accounts (IRAs5, certain trusts6) may require SSN/TIN/EIN or extra documentation.2 -
Peace of mind
Applies to all everyday OAS FCU deposit products, so your cash is safe and backed.4
Quick Facts
$250,000 per ownership category1.
IRAs: insured up to $250,000.5
Applies to deposit accounts only
(share savings, share draft checking, share certificates, club accounts).4
Not covered
stocks, bonds, mutual funds, annuities, life insurance, digital assets, or safe deposit box contents4.
Examples of Coverage For...
$250,000
Individual Account: $250,000
$750,000
Individual Account: $250,000
Joint Account (2 owners): $500,000
$1,000,000
Individual Account: $250,000
Joint Account (2 owners): $500,000
IRA: $250,000
$1,250,000
Revocable Trust (1 qualifying beneficiary): $250,000
Individual Account: $250,000
Joint Account (2 owners): $500,000
IRA: $250,000
$2,500,000
Revocable Trust (6 qualifying beneficiaries): $1,500,000
Individual Account: $250,000
Joint Account (2 owners): $500,000
IRA: $250,000
$250,000
Individual Account: $250,000
$750,000
Individual Account: $250,000
Joint Account (2 owners): $500,000
$1,000,000
Revocable Trust (1 qualifying beneficiary): $250,000
Individual Account: $250,000
Joint Account (2 owners): $500,000
$1,500,000
Revocable Trust (3 qualifying beneficiaries): $750,000
Individual Account: $250,000
Joint Account (2 owners): $500,000
Important notes for reference and for possible disclosures:
IRAs:
Only U.S. citizens or permanent residents with a valid SSN/TIN can open IRAs at OAS FCU. Consult a tax advisor for details.Beneficiary vs. membership:
NCUA eligibility for trust account coverage depends on whether the beneficiaries meet NCUA’s definition of qualifying beneficiaries.Trusts:
Revocable and irrevocable trusts follow specific NCUA rules; coverage depends on trust language and beneficiary rights. Request a trust review for large balances.Not covered:
NCUA’s deposit insurance does not extend to digital assets, safe deposit box contents, and investment products (stocks, bonds, mutual funds, life insurance, annuities.)
Coverage examples are illustrative only. Actual protection depends on account titling, ownership categories, beneficiary qualification under NCUA rules, and documentation. Use the NCUA Estimator or contact Member Services for help determining your coverage.
Frequently Asked Questions
The National Credit Union Share Insurance Fund, administered by NCUA (the National Credit Union Administration), is a U.S. government agency that protects eligible deposit accounts at federally insured credit unions—like OAS FCU—up to $250,000 per ownership category. Eligible accounts include savings, checking, and share certificates. Coverage is automatic when you open qualifying accounts.
Each ownership category is insured separately and aggregated by category up to $250,000. This means that all accounts you hold within the same ownership category are added together and insured up to the applicable limit.
You may have separate coverage across different ownership categories — such as individual accounts, joint accounts, retirement accounts (IRAs), and certain trust categories.
Use the estimator or contact Member Services to better understand your total coverage.
Yes. NCUA protection applies to all OAS FCU members, regardless of where you live. The coverage rules are the same, though some account types (for example, IRAs or certain trust structures) may require U.S. tax identifiers or extra documentation to open at OAS FCU.
Each co-owner on a joint account is insured up to $250,000. Total coverage for the joint account equals $250,000 × number of co-owners (for example, two co-owners → $500,000 total). Make sure account titling is correct, so everyone gets the proper coverage.
Yes — IRAs are insured up to $250,000 per owner.1 At OAS FCU, IRAs can only be opened by U.S. citizens or permanent residents with a valid Social Security Number or Tax Identification Number.
Trust coverage depends on trust type and structure.6
Revocable trusts (including POD/ITF) can provide coverage based on $250,000 per qualifying beneficiary named or identifiable under the trust, subject to NCUA rules.
Irrevocable trust coverage follows different rules and depends on whether beneficiaries have current, noncontingent interests. Important: NCUA rules determine insurance eligibility. OAS FCU may have internal documentation or processing requirements (for example, requesting IDs or membership information); those requirements are separate from NCUA rules.
No. Coverage is automatic for eligible deposits when you open accounts at OAS FCU.
You can increase protection by using separate ownership categories (for example, separate individual, joint, retirement, and trust accounts). Exact totals depend on account titling and beneficiary details—use the NCUA Share Insurance Estimator or ask Member Services for a review.
The Fund only covers eligible deposit accounts. It does not insure investments like stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities. Digital assets and safe deposit box contents are also not covered.
Use the NCUA Share Insurance Estimator — or contact Member Services for help and a trust review if needed.3
Revocable trusts: It is recommended that the grantor be a U.S. citizen or president with a SSN/TIN. OAS FCU may ask to review the trust agreement, and request a government ID, and proof of any beneficiary’s identity.
Disclosures
Deposits at federally insured credit unions are insured up to $250,000 per ownership category by the National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration (NCUA).
Share insurance coverage is based on account ownership and eligibility under NCUA rules, not on a member’s country of residence.
The NCUA Share Insurance Estimator and Member Services assistance are informational tools only and do not constitute a final insurance determination. Additional information is available from NCUA at www.mycreditunion.gov.
The NCUSIF insures deposit accounts only and does not cover investment products, digital assets, or safe deposit box contents.
IRA accounts at OAS FCU may be opened by members who meet applicable legal and account-opening requirements. These requirements are separate from NCUA share insurance rules, which govern how eligible IRA deposits are insured once an account is opened.
Trust account coverage depends on trust type, beneficiary qualification, and compliance with NCUA insurance regulations.