Deposit Insurance

The Long Version: The National Credit Union Share Insurance Fund (NCUSIF) was created by Congress in 1970 to insure credit union member deposits up to the $250,000 federal limit. It functions through the National Credit Union Administration (NCUA) and is backed by the “full faith and credit” of the United States government.

The NCUSIF maintains at or near 1.30 percent of federally insured credit union deposits. By law, federally insured credit unions (like Nutmeg) must keep one percent of their deposits in the NCUSIF—or more, if the NCUA board chooses to levy a premium. By keeping the NCUSIF healthy with deposits, credit unions only experienced one premium in 1992 when three large New England institutions failed.

No federal tax dollars have ever been placed in the fund and no member has ever lost money insured by the NCUSIF.

The Short Version: Your money will be safe and insured at Nutmeg with the help of The National Credit Union Share Insurance Fund.

Notary Public Service

Document notarization is offered to our members at no additional cost and is available at most of our branch locations. A notary public may:

• Attest to the signature and execution of documents
• Authenticate the execution and content of documents and facts recited
• Administer oaths and declarations
• Act as power of attorney
• Verify corporate records, contracts and translations of documents both into and from English (via translator)
• Administer copies of notarized documents
• Oversee international domain name transfers

Wire Transfers

Our members can conduct wire transfers to and from other financial institutions.

In order to complete a wire transfer, you must first contact the recipient financial institution for wiring instructions. Please note that fund availability is dependent on the financial institution making the transfer. Your signature will be required prior to processing the transfer. Be prepared to verify your identity with additional information!

Members are generally required to transfer funds by 2 p.m. in the United States and 12 p.m. internationally. There is no minimum dollar amount required for a wire transfer.

Funds are to be wired to:

Nutmeg State Financial Credit Union, 500 Enterprise Drive, Rocky Hill, CT 06067  ABA: 211977362.

Additional information required for wire transfers:

Further Credit to: Nutmeg State Financial Credit Union Account # 211977362
Final Credit to: ”Your Name” and “Your Account # at NSFCU”

For more information about any of these services, please contact us.