"Your Insured Funds" NCUA brochure - North Island Credit Union

a joint account containing $220,000 and A and
C own a joint account containing $100,000. The
interests of the co-owners of a joint account are
deemed equal for insurance purposes.
A has an interest of $110,000 in the account
with B, and an interest of $50,000 in the account
with C. A would have insurance of $160,000.
B would have insurance of $110,000 and C would
have insurance of $50,000. In this example, all
of the funds held in the two joint accounts would
be insured.
Example 7
The following illustraons show how typical
families may use mulple ownership of accounts
to increase the insurance coverage for their
family funds. The examples are not all inclusive,
as other opons are also available. In all cases,
the accounts illustrated must meet the share
insurance coverage requirements as published in
the Code of Federal Regulaons (12 C.F.R. Part 745).
Family of Two
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