Keep Your Money Safe in a Federally Insured Credit Union

A photo of a person whose hands are positioned like a house over a pink piggy bank as if protecting it.

April 27, 2023

With uncertainty at the forefront of people’s minds due to recent concerns with mainland financial institutions, it’s natural to worry about the security of your money. Some people may consider the drastic step of withdrawing their funds from banks and credit unions, with the belief that their money is safer stashed away at home. But you may want to think twice before emptying your accounts. Why?

It’s important to know that your money is protected at a federally insured financial institution, such as Hawaii State FCU. Our deposits are insured by our federal regulator, the National Credit Union Administration (NCUA).

The NCUA is an independent federal government agency that charters and regulates federal credit unions. All deposits at federally insured credit unions are protected by the National Credit Union Share Insurance Fund (NCUSIF), with deposits insured up to $250,000 per account owner. The NCUSIF is a federal insurance fund backed by the full faith and credit of the United States. Since its inception by Congress in 1970, credit union members have never lost a penny of insured savings at a federally insured credit union.

Hawaii State FCU itself is financially strong, and operates on a conservative business model. We take pride in our financial stability, which has allowed us to reach $2.4 billion in assets and fulfill the financial needs of our 125,000 members.

So before you consider stuffing your savings under your mattress, rest easy knowing that your money remains secure in a federally insured credit union like Hawaii State FCU.

The NCUA provides tools for members who want to learn more about share insurance and the NCUSIF:
• Want to know what amount of your funds are federally insured? Try the NCUA’s Share Insurance Estimator.
• Hearing a lot of terms you’re not familiar with? This handy Glossary may help.
• Interested in learning more about share insurance? Check out this list of Frequently Asked Questions.

About HSFCU Marketing

Hawaii State FCU firmly believes that financial education empowers people to make smarter decisions throughout their lives, resulting in a better financial future. We do this by providing useful financial tools such as educational blogs, online courses and free webinars on a variety of topics including planning for retirement, debt management and buying a home. For more information on these and other resources, including free financial calculators and budget-friendly recipes, visit and click on “Financial Health.”

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We may provide links to external websites that refer to third party services and products available to Hawaii State FCU members, for enrollment in Hawaii State FCU financial education webinars, or other purposes. Please review the terms and conditions of use carefully. We do not make any express or implied representation or warranty to you concerning the quality, safety or suitability of external websites, or their services, products, or contents. External websites are not under our control and may have different security, privacy and other. Using the links may identify you as a Hawaii State FCU member to the external website operator.  Services and products from third parties are not obligations of, nor endorsed or guaranteed by, Hawaii State FCU nor the National Credit Union Share Insurance Fund.  Alternative services and products may be obtained from other providers of your choice.

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