Rapid City Medical Federal Credit Union is federally insured by the National Credit Union Share Insurance Fund, which is backed by the full faith and credit of the U.S. Government.

The National Credit Union Administration (NCUA) is an independent agency of the United States Government; NCUA regulates, charters, and insures the Nation’s Federal Credit Unions.

The shares in your Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF) or the Fund, an arm of NCUA. Established by Congress in 1970 to insure member share accounts at federally insured Credit Unions, the Fund is managed by NCUA under the direction of the three-person NCUA Board.

Your share insurance is similar to deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC). Share accounts are insured up to $100,000, an amount equal to the insurance protection offered by the FDIC. Generally, if a Credit Union member has more than one account in the same insured Credit Union, those accounts are added together and are insured up to the $100,000. There are exceptions, however. For more information about your insurance fund, please contact the Credit Union or leave an E-Mail message.