CDC FCU is Safe and Secure 

With recent market struggles during challenging economic times, CDC Federal Credit Union remains a strong full-service financial institution, and we want you to know your assets are secure and protected with us. Deposits and member shares are Federally Insured by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. According to the NCUA, a credit union that is approved for share insurance must meet a high standard of safety and soundness operationally, as well as omit from the sub-prime loan market. As one of the largest credit unions in the State of Georgia, CDC Federal Credit Union meets this standard. 

According to the National Credit Union Administration, the Emergency Economic Stabilization Act of 2008, signed into law on October 3, 2008, increased the insurance coverage on all account up to $250,000 through December 31, 2013. Click here for details. 

What is the difference between FDIC Insured Accounts and NCUA Insured Accounts?
Federal Deposit Insurance Corporation (FDIC) is a United States Corporation that provides deposit insurance, which guarantees checking and savings deposit accounts in member banks and thrifts. 
National Credit Union Administraion (NCUA) is the United States independent federal agency that insures checking and savings deposits (this includes share certificates and Individual Retirement Accounts) in federal and most state-chartered credit unions through the National Credit Union Share Insurance Fund (NCUSIF) - a federal fund backed by the full faith and credit of the United States. 

The NCUA insures up to at least $250,000 per depositor, and up to $250,000 for any IRA account issued by the credit union. However, accounts with different ownership can be insured separately for up to $250,000, for example, individual accounts, joint accounts and trust accounts. Accounts can be established as a beneficiary, such as a child, spouse, brother or siste, and those accounts are separately insured for the owner up to $250,000 for each beneficiary. 

Below are a few profiles which can help explain the process of insuring various accounts under your name. We hope you will find the examples to be helpful in your financial planning process. 



If you or someone you know is interested in learning more about how your funds are federally insured, please contact a CDC Federal Credit Union Financial Advisor at 404-325-3270. You may also wish to visit the NCUA Web site for additional information on your accounts. Visit www.ncua.gov today, and click on the Credit Union Members link for information and publications. You can also view a message from the Credit Union National Association (CUNA) by clicking here. 


CDC Federal Credit Union is also pleased to announce its most recent recognition for safety and soundness from BauerFinancial at five-stars (superior). The rating is based on "a safe, financially sound credit union, operation well above regulatory capital requirements." BauerFinancial is an independent firm that has been analyzing and reporting on the financial condition of the nation's banking industry since 1983. In addition to capital ratio, BauerFinancial examines and analyzes profitability/loss trends, level of delinquent loans, charge-offs and repossessed assets, the market versus book value of investment portfolio, regulatory supervisory agreements, historical data, and liquidity. Click here to view CDC Federal Credit Unions five-star rating from BauerFinancial.