Safe & Sound
your savings account deposits are insured up to $500,000
If you’re not super familiar with credit unions, here’s some bonus info on how your money is protected!
Skyla is a federally chartered financial institution that’s regulated by the National Credit Union Administration (NCUA). We’re federally insured by the National Credit Union Share Insurance Fund (NCUSIF). Much like the FDIC for banks, the NCUSIF is backed by the full faith and credit of the U.S. government and insures each depositor up to $250,000.
What really sets us apart is that we take it one step further and insure your savings account up to $500,000 through Excess Share Insurance Corporation (ESI)… at no additional cost to you.