Excess Share Insurance
For added security and peace of mind, St. Louis Community provides you with additional deposit insurance protection from Excess Share Insurance (ESI). In addition to the $250,000 of federal insurance provided on savings deposits by the National Credit Union Administration (NCUA), a U.S. Government agency, and $250,000 of separate NCUA insurance on Individual Retirement Account (IRA) deposits, your Credit Union deposit accounts are privately insured by ESI for an additional $250,000 of savings protection.
And this benefit is provided at no cost to you.
ESI insures only credit unions. It operates nationally, and combines diversity with sound insurance principles to offer members greater security.
You can look around, but you won’t find this additional protection available at many financial institutions. We just happen to think you’re worth it, and consider ESI one more example of our commitment to you and your resources.