At Oshkosh Truck Credit Union your money is safe and insured up to $250,000! In the history of credit unions, not one penny of insured savings has ever been lost by a member of a federally-insured credit union. Credit union members can rest assured that their deposits are protected.
Oshkosh Truck Credit Union is very well capitalized. Capital serves as a buffer against any losses and remains at a consistently high level. A credit union must have a capital-to asset ratio of at least 7% in order to be considered "well capitalized" by the regulator. As of June 30, 2015, OTCU had a capital to asset ratio of 15.65%, which represents over two times the regulatory requirement, thus making OTCU a safe haven for your funds.
Additionally, the funds on deposit at OTCU are insured by the full faith and credit of the federal government. The National Credit Union Share Insurance Fund (NCUSIF) insures our shares on deposit up to $250,000.
For more information on this topic, click here for the YOUR INSURED FUNDS brochure from NCUA.