Extended Insurance Account

Enjoy peace of mind with millions in extended NCUA share insurance*

Navigator Credit Union offers the Extended Insurance Account, a unique product that provides you access to millions in extended NCUA (National Credit Union Administration) share insurance through participating credit unions, while you maintain only one account with Navigator Credit Union.

What is an Extended Insurance Account?

Available to consumers, business, and nonprofits, an Extended Insurance Account provides millions in extended NCUA insurance on your accounts by distributing your balance in amounts under the $250,000 threshold to partner credit unions. By placing funds under the limit at each credit union, your entire balance can be insured by the NCUA’s Share Insurance Fund.

Extended Insurance Accounts allow you to maintain the flexibility and simplicity of a single account, while Navigator Credit Union’s technology manages fund placement and gives you 24/7 transparency into which credit unions are holding your accounts.

Your account at Navigator linked to the Share Insurance Network, distributing $250,000 to Credit Unions 1–3.

What are the benefits of an Extended Insurance Account?

Extended Federal Insurance:

Comfort of knowing you and your family’s funds are safe and secure, backed by the full faith and credit of the federal government*

Single Banking Relationship:

Enjoy extended NCUA share insurance without the hassle of multiple accounts

Continuous Transparency:

Always know your accounts are allocated safely at other credit unions you know & trust

Earn Interest:

Grow your account with interest earned on your entire balance

Who can open an Extended Insurance Account?

This account supports anyone managing deposits above standard insurance limits — without the complexity of juggling multiple financial institutions.

 

  • High-Balance Individuals
  • Small & Mid-Sized Businesses
  • Nonprofits & Community Organizations

How do I open an Extended Insurance Account?

(1)

Speak to a Credit Union team member

(2)

Simply accept Terms & Conditions

(3)

Fund your new Extended Insurance Account

Safeguard your money today with an Extended Insurance Account

Discuss your banking options by visiting a Navigator branch today.

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*Insurance provided through program credit unions (subject to certain conditions)
Funds participating in the Navigator Extended Insurance Account are deposited into accounts at participating credit unions, which are insured by the National Credit Union Association (NCUA) for up to $250,000 for each category of legal ownership, including any other balances you may hold directly or through other intermediaries, including broker-dealers. The total amount of NCUA insurance for your account depends on the number of credit unions in the program. If the balance in your account is greater than the NCUA insurance coverage in the program, any excess funds will not be insured. Please read the Program Terms and Conditions carefully before depositing money into the program and for other important customer disclosures and information. To assure your NCUA coverage, please regularly review credit unions in which your funds have been deposited, and notify Navigator immediately if you do not want to allocate funds to a particular credit union or credit unions.