Last week, President Obama signed the Helping Families Save Their Homes Act of 2009 (S.896) that includes provisions extending the $250,000 NCUA deposit insurance limit to December 31, 2013.

Last year when the financial crisis began, NCUA deposit insurance was temporarily increased from $100,000 to $250,000 until the end of this year to help boost consumer confidence.

The NCUA is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 89 million accounts in all federal credit unions and the overwhelming majority of state-chartered credit unions.

As a Credit Union member, you may maximize insurability through a combination of individual, joint and revocable trust accounts. Contact Member Service, 800.621.2105, for help anytime in organizing your family's accounts for best coverage.