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Up to $1,000,000 in total coverage for Elite Money Market Accounts.
 

What is Excess Share Insurance?

 

Life can be unpredictable, but your savings shouldn’t be. That's why our Elite Money Market Account comes with Excess Share Insurance (ESI), giving you up to $750,000 of extra deposit protection on top of the $250,000 already covered by the NCUA. That’s a total of $1,000,000 in insured savings — so you can rest easy, knowing your money is safe.

 

 

Why choose the Elite Money Market Account?

 At Louisiana Federal Credit Union, we know how hard you work to save, and we’re here to help keep your money on the right path. In addition to the insurance provided by the National Credit Union Administration (NCUA), we offer Excess Share Insurance (ESI) to give you extra peace of mind. This means your Share Certificate and Money Market deposits are protected beyond the usual limits, so you can rest easy knowing your savings are safe and sound.

Our Elite Money Market Account is designed to help you save smarter, combining better returns, top-notch security, and easy access to your money. You’ll enjoy higher interest rates that grow your savings faster, plus the peace of mind that comes with up to $1,000,000 in total insured deposits. And when you need to access your funds, you can do so confidently, knowing your money is safe and working hard for you every step of the way.
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Coverage breakdown with Excess Share Insurance

Revised 512023 (3)Both ESI and NCUA offer coverage payable only upon failure and liquidation of the credit union. We're here to help secure your savings! 

Ready to protect your savings?

 

OPEN AN ELITE MONEY MARKET ACCOUNT

 

ESI's Policy

To qualify for excess coverage, Louisiana Federal Credit Union and OnPath Credit Union must meet ESI’s strict underwriting standards. Members do not receive individual policies, and there is no additional cost to you for this protection. Louisiana Federal Credit Union or ESI may modify or discontinue this coverage, but if any changes occur, you will be notified in writing.

 

APY = Annual Percentage Yield. The 6.00% APY on an Elite Money Market Savings Account applies only to new money with balances of $25,000 or more. Dividends are paid monthly. Rates may change without prior notice, and other terms and conditions may apply. Deposits are federally insured by the NCUA. Additional insurance coverage up to $750,000 is available for qualifying accounts through OnPath FCU's private insurance via Excess Share Insurance Corporation. For more information, visit BeOnPath.org or Louisianafcu.org.

 

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At times, we may provide links to sites outside the control of our institution. We do not make any representations concerning the linked sites' contents or availability. You should review each site's privacy and information security policies carefully before you enter confidential information. Deposit and loan products offered by: Louisiana Federal Credit Union, a division of OnPath Credit Union, Member NCUA, An Equal Housing Lender Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency.

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