Secure Your Savings
Connects Federal Credit Union's Extended Insurance Account works by automatically distributing your balance in portions under $250,000 across our network of partner credit unions. Each portion remains within standard NCUA insurance limits, allowing us to extend protection up to $15M total for your deposits. You'll maintain complete access to your funds through a single account, with our system handling all of the behind-the-scenes distribution to maximize your protection.
Key Benefits
Extended Insurance
Your savings are protected up to $15M through our NCUA-insured partner network, all managed through one simple account
Maintain Control
You control the account just like a regular transaction account. Earn dividends on your full balance while protecting your deposits
24/7 Tranparency
Track your funds and account activity in real-time through our secure online platform
How it Works
- Initial Deposit: Deposit funds into your primary account
- Auto-Sweep: Our system distributes funds across partner institutions
- Easy Access: Access all of your funds through your single primary account
- Full Visibility: Track all movements and balances in real-time
Disclaimer: Funds participating in the Connects Federal Credit Union Extended Insurance Account are deposited into accounts at participating credit unions, which are insured by the National Credit Union Association (NCUA) for up to $250,000 for each category of legal ownership, including any other balances you may hold directly or through other intermediaries, including broker-dealers. The total amount of NCUA insurance for your account depends on the number of credit unions in the program. If the balance in your account is greater than the NCUA insurance coverage in the program, any excess funds will not be insured. Please read the Program Terms and Conditions carefully before depositing money into the program and for other important customer disclosures and information. To assure your NCUA coverage, please regularly review credit unions in which your funds have been deposited and notify Connects Federal Credit Union immediately if you do not want to allocate funds to a particular credit union or credit unions.