Save Securely with Our Elite Extended Insurance Accounts
With Elite Extended Insurance Accounts at Jordan Credit Union (JCU), you can protect large deposits beyond the standard $250,000 NCUA limit—without splitting money across multiple institutions yourself. Keep one easy-to-manage JCU account while your funds are strategically placed across an NCUA-insured partner network for expanded protection.
1. Initial Deposit
Deposit funds (up to $17 million) into a JCU Elite Extended Insurance Savings Account.
2. Auto Sweep
Our system distributes funds across partner institutions as needed, helping secure your total deposited amount.
3. Easy Access
Access all your funds through a single primary account with full visibility to track movements and balances in real-time.
Protection Beyond Standard NCUA Limit
Keep more of your savings insured by distributing funds across multiple NCUA-insured partner credit unions. You can potentially receive coverage up to $10 million while still managing everything through one JCU account.
One Account to Manage
You don’t have to open and track multiple accounts at different places. JCU gives you one convenient primary account with consolidated statements and simple management.
Auto-sweep Distribution
As your balance grows, the system automatically places funds across partner institutions as needed. That means your coverage can expand without extra steps from you.
Easy Access to Your Money
Your funds aren’t “locked away” you can request transfers back to your JCU share draft or savings accounts. Many transfers are available same-day or next-day after you request them.
Real-time Visibility and Confidence
Check balances and track activity anytime through JCU’s secure online and mobile banking tools. You’ll always know where your money is and how it’s being protected.
Competitive Earnings
Earn interest while keeping your deposits protected across the network. It’s a practical way to stay safe without giving up growth potential.
NCUA Protection
Every dollar of your deposit receives the same federal insurance protection, with funds strategically kept under the $250,000 NCUA limit at each participating credit union.
How Does Elite Extended Insurance Work?
For example, if you have $1 million to safeguard and earn interest on, your funds could be split like this:
- $250,000 allocated to Jordan Credit Union (JCU)
- $250,000 allocated to Credit Union 2
- $250,000 allocated to Credit Union 3
- $250,000 allocated to Credit Union 4
Each portion remains under the $250,000 NCUA insurance threshold, helping ensure full protection—while being consolidated into one simple statement for you.
