The passage of the Emergency Economic Stabilization Act of 2008 increased share insurance protection provided by the NCUA to $250,000 on deposit accounts until December 31, 2009. The NCUA is backed by the full faith and credit of the United States government and has a strong funding position for credit union members.

The Island Remains Safe and Secure
Recent economic events have consumers increasingly concerned about the safety and soundness of their financial institutions. Be assured that North Island Credit Union remains strong, safe, and secure. The Island has ample capital reserves to weather the turbulent financial markets and a legacy of stability for nearly 70 years in the San Diego marketplace. We take great care to ensure the fiscal health of our credit union so that we can continue to provide exceptional service to our members when they need us most. Our federal regulator, the NCUA, has rated our credit union as "well capitalized," the highest rating for net worth/capital strength.

Independent Performance Reviews
We have multiple, independent performance reviews that monitor our safety and soundness:

• The NCUA examines the credit union as the overseer of the federal insurance fund
• The California Department of Financial Institutions (DFI) examines the credit union since we are state-chartered
• An outside CPA firm annually assesses our accounting practices and reports to our Supervisory Committee, an independent volunteer oversight committee representing our membership

For More Information
The following helpful resources contain additional details on your deposit insurance coverage and the stability of the national credit union system:

• NCUA Share Insurance Estimator
• "Your Insured Funds" NCUA brochure 
• "How Your Funds Are Insured" NCUA brochure