Do you have unsecured deposits exceeding the standard $250,000 NCUA insurance limit? Is your money distributed through multiple credit unions? UCCU has a solution for you! Through an Extended Insurance Account, your funds can be strategically distributed across multiple NCUA-insured credit unions while being managed through a single convenient UCCU savings account, providing millions in potential insurance coverage without sacrificing accessibility or competitive returns.
For example, if you have $1 million to safeguard and earn interest on, your funds could be split as follows:
Each portion remains under the $250,000 NCUA insurance threshold, ensuring full protection while being consolidated into one convenient statement for you.
Contact your local UCCU expert to find an account that works for your and your needs.
(801) 223-8188 | Branch Locations
Available M–F 8am–6pm, and Sat. 9am–2pm*.
*Saturday hours vary per Branch Location
Every dollar of your deposit receives the same federal insurance protection, with each portion maintained under the $250,000 threshold at each participating credit union.
Deposit funds up to 10 million dollars into a UCCU Extended Insurance Savings Account
Our system will distribute any funds across partner institutions as needed securing your total deposited amount.
Access all your finds through a single primary account with full visibility to track all movements and balances in real-time.
The Extended Insurance Account works by distributing your deposits in amounts under the $250,000 threshold to partner credit unions in the ModernFi Network. By remaining under the $250,000 threshold at each institution, every account remains fully insured by the NCUA. These accounts combine to provide you with millions of extended insurance coverage, all managed through a single account at UCCU.
You can control the account just like a regular transaction account. Deposit, withdraw, or transfer funds at any time at your credit union or through the UCCU online banking. UCCU manages the Extended Insurance Account and funds are distributed within the network.
To fund the account, members can transfer funds from their existing share draft accounts or savings accounts to their newly opened Extended Insurance Account. The status of their transfer is on the UCCU Online Banking. To withdraw funds from the Extended Insurance Account to their share draft account or savings account at Utah Community Credit Union, members can make a withdrawal request directly on UCCU Online Banking.
Access your funds with same-day or next-day availability after requesting a transfer from your Extended Insurance Account.
APY = Annual Percentage Yield. Federally insured by the NCUA. Dividends are credited monthly. Rates and terms are subject to change and without notice. The Annual Percentage Yield is effective in accordance with our Truth in Savings. No minimum balance required to open account. Fees may reduce the earnings of the account. Deposits placed in Extended Insurance Accounts are subject to the terms, conditions, and disclosures in applicable agreements.
(801)-223-8188
Mon – Fri: 8:00 am – 6:00 pm
Sat: 9:00 am – 2:00 pm
or send us a message from inside online banking.
