Plain Talk


Are you worried about the safety and soundness of Great Plains Federal Credit Union? Well, worry no more. Through the National Credit Union Administration (NCUA), your Checking, Savings, and Certificate accounts are insured up to at least $100,000. Certain retirement accounts, such as IRAs and Keoghs, are insured up to $250,000.

The NCUA, the National Credit Union Administration, is a federal agency that charters and watches over credit unions. The NCUA also insures member accounts through the National Credit Union Share Insurance Fund (NCUSIF), which was established by congress in 1970. The NCUSIF provides insurance similar to the FDIC.

Great Plains Federal Credit Union holds itself to standards even higher than the NCUSIF requires. The NCUSIF's requirement is a minimum of 7% net worth set aside as an emergency fund. Great Plains FCU surpasses this requirement with greater than 18% net worth set aside. Great Plains FCU has also stayed away from unsafe business practices, such as high risk lending. So, rest assured in the safety and soundness of Great Plains FCU.