Wasatch Peaks Credit Union is a federally insured credit union, which makes our credit union a safe place for members to save their money and build security for themselves and their families. We want to remind our members in this unprecedented time that all deposits made at our credit union are protected by the National Credit Union Share Insurance Fund. This enables those deposits to be insured up to at least $250,000 per individual depositor.
To calculate the amount of insured funds, members can utilize the National Credit Union Association’s Share Insurance Estimator. This easy-to-use tool can be used in customized insurance estimates for personal, business, or government accounts with Wasatch Peaks. For more information on the NCUA share insurance coverage, please visit MyCreditUnion.gov.
We want to emphasize our gratitude towards our members as we continue to move forward and want to reassure each member of their financial security with us. Historically, not one penny of insured savings has ever been lost by a member of a federally insured credit union.
As an additional reminder, scams are spreading as quickly as the coronavirus itself. We urge members to exercise caution when viewing emails, social media posts, texts, and calls regarding the COVID-19 coronavirus. Be wary of clicking on any unverified links or opening any potentially malicious attachments. For examples of active scams, please visit our blog post on the subject. To report any attempted scams you experience, please file a complaint at ftc.gov/complaint.