Your Money, Your Credit Union: Safe, Sound & Insured

Since opening our doors in 1961, JSC Federal Credit Union has provided a safe and secure place for our members to manage and grow their money. Recently, there have been many events in the news highlighting extreme changes in our economy. During these times of uncertainty, rest assured that JSC Federal Credit Union continues to be a well-capitalized and financially secure institution.

As a member-owned and not-for-profit cooperative, JSC FCU is completely committed to serve you and your family, and we are ready to meet the financial challenges of today and those that will come in the future. JSC FCU continues to make sound choices and has never participated in risky loan practices associated with sub-prime lending or the purchasing of sub-prime loans.

You should know that JSC Federal Credit Union is insured by the National Credit Union Share Insurance Fund, which is backed by the full faith and credit of the U.S. Government. As the FDIC does for banks, the National Credit Union Share Insurance Fund (NCUSIF) insures a person's savings at a credit union.The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed on July 22, 2010. This included permanently establishing NCUA's standard maximum share insurance amount at $250,000. This same fund also insures that a person's savings in certain Individual Retirement Accounts (IRAs) are insured up to $250,000 and this insurance protection is separate and apart from insurance coverage on other credit union accounts. The NCUSIF is administered by the National Credit Union Administration (NCUA), an agency of the federal government. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.

All funds in a "non-interest bearing transaction account" are insured in full by the National Credit Union Administration. This coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.

The term "non-interest bearing transaction account" includes a traditional share draft account on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends or a money-market deposit account even if share drafts may be drawn on the account. For more information about NCUA insurance coverage of transaction accounts, visit

For detailed information on federal share insurance, can you view and download the brochures listed below. In addition, you may call the NCUA Consumer Assistance Center at 1.800.755.1030, which is open from 9:00 am to 5:00 pm (CDT). When calling, simply press "2" for share insurance. You may also visit any branch and speak with a JSC FCU Financial Service Representative to review your account balances and ownership structures as it relates to NCUA deposit insurance.

JSC Federal Credit has been in business for over 50 years, and has reached over $1 billion in assets and well over 123,000 members during this time by practicing responsible lending and operating on sound principles and policies. JSC FCU will continue to successfully grow in the future by maintaining our mission to maximize member satisfaction and financial stability.

Please click on the brochures below for detailed information about federal share insurance, including how it relates to your account.


For additional information about federal share insurance, you may also visit the following:

  • Share Insurance Tool Kit
  • Share Insurance Estimator
  • Calculate your coverage under the National Credit Union Share Insurance Fund. Use the estimator to determine how to structure your accounts to include joint accounts, payable on death accounts, and others to receive coverage greater than the $250,000 that is NCUA's standard maximum share insurance amount.

For more information on JSC Federal Credit Union, or to find out how you can join, please call 281.488.7070 or 800.940.0708, or visit any branch office or e-mail.

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