At LA Financial, your savings are federally insured by the National Credit Union Administration (NCUA) up to $250,000 per qualifying account and backed by the full faith of the Federal government.  IRAs are separately insured up to $250,000.  Plus, not one penny of insured savings has ever been lost by a member of a federally insured credit union.  Credit unions support the operations of the National Credit Union Share Insurance Fund (NCUSIF) by maintaining deposit with the fund equal to a percentage of their insured savings.  If events occured that caused the NCUSIF equity ratio to fall below 1%, responsibility to immediately replace the funds would lay on the credit union--not the tax payer

Multiple accounts can be structured to provide additional coverage.  Here's an example of how a husband and wife may have Federally insured accounts totalling $1,500,000:

Individual Accounts:
    Husband                                     $250,000
   Wife                                               $250,000
Joint Accounts:
    Husband & Wife                        $500,000
Revocable Trust Accounts:
    Husband as Trustee for Wife  $250,000
   Wife as Trustee for Husband  $250,000
                        TOTAL:                    $1,500,000