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Your Deposits Federally Insured Up to $250,000


Charlotte Metro Federal Credit Union is a federal-chartered financial institution federally insured by the National Credit Union Administration (NCUA). The NCUA is an independent agency of the United States Government that regulates, charters, and insures the nation's federal credit unions, as well as state-chartered institutions, that meet its strict guidelines.

The NCUA functions much like the Federal Deposit Insurance Corporation (FDIC) which insures banks. And like the FDIC, the NCUA insures each depositor up to $250,000.

Learn more about the NCUA and how it protects credit union depositors here.

Want to know your coverage amount? You can calculate your individual insurance benefit by using the NCUA insurance calculator.

For Members with Deposits in Excess of $250,000

In addition to the $250,000 coverage provided by the NCUA, Charlotte Metro Federal Credit Union members with higher deposits have additional coverage up to $250,000 through Excess Share Insurance (ESI), a private company that insures higher deposits of credit union members nationwide. This provides a total of up to $500,000 of insurance for our members.

Many people may consider $500,000 to be an excessive amount for insurance coverage. But there are a number of possible ways in which the average member could find it useful. Inheritances, legal settlements and prize winnings are just a few of the circumstances in which a member can have an account balance rise above $250,000 in a relatively short period of time.

Learn more about Excess Share Insurance here.


NCUA logo

The NCUA federally insures Charlotte Metro federal Credit Union depositors for up to $250,000.

ESI logo

Charlotte Metro Federal Credit Union provides additional coverage up to $250,000 per depositor through the private insurer ESI.