Certificates of Deposit (CDs):
Certificates are an effective investment for those who are looking for stability and protection of their principle over a period of time. Consider including CDs as part of your investment plan. You can also move your deposits from your 401k into a self-directed IRA certificate.
The Credit Union offers terms from three to sixty months. These various terms provide you the flexibility of “laddering” your deposits over various periods of time. If you are concerned over the volatility of the stock market, investing into a long term certificate may be an option.
The standard share insurance amount is $250,000 per share owner, per insured credit union, for each account ownership category. The $250,000 standard share insurance account became permanent through the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
THE NCUA SHARE INSURANCE ESTIMATOR
The NCUA Electronic Share Insurance Estimator is available to help members better understand the protection offered by the National Credit Union Share Insurance Fund (NCUSIF). This interactive site allows users to input data to compute the amount of NCUSIF coverage available under different account scenarios. This resource is available at https://www.mycreditunion.gov/estimator/Pages/default.aspx
We recommend that you consultant your attorney, CPA or financial advisor on what investment options are best for you.