No matter what your savings goal is—holiday spending, retirement, or just plain earning higher dividends—we’ve got a solution.

Share accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount (SMSIA), $250,000 as of October 3, 2008. The Emergency Economic Stabilization Act of 2008 increased the insurance coverage on all accounts up to $250,000 until December 31, 2013. For more information about the NCUA and share insurance, please follow the links below:

NCUA's Share Insurance Estimator NCUA's detailed brochure about How Your Accounts are Federally Insured NCUA's Frequently Asked Questions NCUA's short brochure about Your Insured Funds NCUA Share Insurance & You - How to Maximize Your Coverage

A share savings account is similar to a regular savings account at other financial institutions. Credit unions often call them share accounts because it represents your “share”, or ownership, of the credit union. PortAlliance requires $25 minimum balance in this account to be a member. Dividends are paid on balances over $100, and are accrued daily and paid quarterly.