Routing Number: 271291460 (219) 874-6943 - Michigan City, IN (219) 762-6228 - Portage, IN    

No need to worry about your deposits! MACU has you covered.

You may have heard about a large potential bank collapse in California where depositors were not able to get their deposits. In Indiana, specifically at Members Advantage Credit Union, your deposited funds are available and insured by the Federal Government's National Credit Union Share Insurance Fund.
Credit unions like Members Advantage Credit Union offer a safe place for credit union members to save money. Deposits at federally insured Credit Unions are protected by the National Credit Union Share Insurance Fund and insured up to at least $250,000 per individual depositor – the same as any other federally insured financial institutions. That means backing by the full faith and credit of the U.S. government.
Credit union members have never lost a penny of insured savings at a federally insured credit union. Visit for more information about the National Credit Union Share Insurance Fund coverage for consumers. 
In addition to federal deposit insurance from National Credit Union Share Insurance Fund, several credit unions, like Members Advantage Credit Union, provide additional excess private deposit insurance through American Share Insurance for its membership. American Share Insurance has powered additional excess private primary deposit insurance for up $250,000 per member account since 1974 without experiencing a loss. Currently, American Share Insurance insures $2.2 billion from 1.3 million members.
American Share Insurance is licensed and dually regulated by the Ohio Department of Insurance and the Ohio Department of Commerce, as well as supervised by credit union regulators in the state of operation. American Share Insurance is also audited annually by Deloitte & Touche, LLP, and holds a history of low loss ratios and high equity levels.
Members Advantage Credit Union's depositors have their deposit accounts insured for more than the typical financial institution. Rest assured, your deposits are protected.
If you would like to know more about your insured deposits at Members Advantage Credit Union, please feel free to contact us. 


Monday, 13 March 2023 15:47