Share Insurance: Your Accounts Are Protected

Due to recent events in the banking and mortgage industries, many members may be wondering if their funds are safe at Tobyhanna Army Depot Federal Credit Union.

The simple answer is…YES!

Tobyhanna is proud to note that we have reserves and capital at over the regulatory limit. This is important since deposit insurance only comes into effect after an institution's reserves are used. Our delinquencies and losses remain within the industry norms. Tobyhanna is also pleased that we do not have any of the sub-prime loans that have caused the mortgage situation that is occurring across the country. And, because we are owned by our members, our financial statements are readily available to the public.

In addition, your shares at Tobyhanna are insured up to $250,000 and IRAs are also insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA. For further information about the Federal Insurance Fund or to access an “estimate calculator” to see if all of your funds are covered, click here.

If you have any questions please e-mail us!