What insurance does Golden 1 have and how does it benefit members?

Golden 1 has been a safe and secure credit union since 1933, and is insured by the National Credit Union Administration (NCUA). The NCUA is an independent agency of the United States government.
  
Through its share insurance fund, the NCUA provides all members of Golden 1 with $250,000 in coverage for their single ownership accounts. These accounts include all savings, checking, money market, and term-savings certificates. In the case of joint accounts owned by two or more people, the NCUA provides each joint account holder with $250,000 in coverage. For example, a two-person joint account has $500,000 in coverage. NCUA insurance is like FDIC insurance.
  
Additional NCUA share insurance may be available for members with certain kinds of trust and retirement accounts. For share insurance purposes, accounts with payable-on-death beneficiary designations are treated as revocable trust accounts. For more information, please read the NCUA’s comprehensive booklet: “How Your Accounts Are Federally Insured” available here.