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NCUSIF to Insure CDs from Non-Member Municipalities

CDs issued to non-member municipalities are insured by the NCUSIF on a pass-through basis, according to a legal opinion letter by NCUA Associate General Counsel Sheila Albin.

By Claude R. Marx | Updated on November 11, 2009

CDs issued to non-member municipalities are insured by the NCUSIF on a pass-through basis, according to a legal opinion letter by NCUA Associate General Counsel Sheila Albin.

Those certificates of deposits would have to be invested through a third-party service, similar to the Certificate of Account Registry Service, which works with FDIC-insured banks.

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