In these times of economic uncertainty, Chino Federal Credit Union would like to remind all members that your credit union is fiscally sound. Chino Federal has served Grant county for over 50 years and has over $24 million dollars in assets. Your accounts held at Chino Federal Credit Union are insured up to $250,000 through the National Credit Union Administration (NCUA).
The Emergency Economic Stabilization Act of 2008, signed into law on October 3, 2008, increased the insurance coverage on all accounts up to $250,000 through December 31, 2013.
The National Credit Union Administration (NCUA) is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF, like the FDICís Deposit Insurance Fund, is a federal insurance fund backed by the full faith and credit of the U.S. Government.
Click on "More Information" to read the National Credit Union Administrationís (NCUA) brochure which provides examples of insurance coverage under the new rules.