NCUA Increases Share Insurance for Certain Retirement Accounts
Credit Union Advisor, 2006 Fall

For the first time in 25 years, Congress has passed a measure that would increase the amount of insured retirement savings for certain kinds of retirement accounts. After having remained at $100,000 for all these years, the new level of security has increased to $250,000 for qualifying accounts. This new coverage was effective this past spring. The new law also establishes a mandate to review the level of insurance every five years.