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Additional Deposit Insurance Now at FRFCU

You can rest assured knowing your deposits are insured up to $500,000.



Your Savings Are Safe

We are pleased to inform that your deposit accounts in FRFCU are now insured up to $500,000. This exceptional level of coverage is attained through a combination of federal insurance provided by the National Credit Union Administration (NCUA) and private insurance from Excess Share Insurance Corporation (ESI) at no cost to you. This increased insurance provides you with extra safety and soundness, and reaffirms our dedication to your financial prosperity and peace of mind.



ESI’s Coverage

First, NCUA’s basic federal coverage insures credit union members’ deposits up to $250,000. For details about federal deposit insurance, or how to structure your accounts to qualify for greater federal coverage, please check with our Branch Team, Member Service Center, or contact NCUA. Second, accounts exceeding the maximum level of coverage provided by NCUA are also insured up to an additional $250,000 by ESI.




Coverage per Member with Excess Insurance*

Multiple Account Coverage!


Account TypeNCUA CoverageESI CoverageTotal Insured

*Example Only

**NCUA coverage for a two-person joint account with no beneficiaries has $500,000 total in coverage; $250,000 in coverage per account holder.


ESI’s Policy

To be eligible for excess coverage, FRFCU must comply with ESI’s rigid underwriting standards. Also, ESI’s insurance policy requires that every quarter the credit union submit financial statements and a listing of accounts eligible for excess coverage in order to continue coverage. Individual policies are not provided to members, and there is no direct cost to you for this coverage. The credit union or ESI may terminate or modify this coverage, but in either case, you would be notified in writing of any change in the excess coverage.


About ESI

Headquartered in Dublin, Ohio, ESI is a wholly owned subsidiary of American Share Insurance, a credit union-owned private deposit insurer founded in 1974 by credit unions, for credit unions. As a property and casualty insurer, ESI is subject to licensing and regulation by your state’s insurance department. Furthermore, the company’s financial statements are audited annually by an independent CPA firm and are available upon request through FRFCU. ESI is not a federal or state government agency.


Federally Insured by NCUA. Accounts exceeding the maximum level of coverage provided by NCUA are also insured up to an additional $250,000 by ESI (Excess Share Insurance). Equal Housing Lender.