What is NCUA?

NCUA -- short for the National Credit Union Administration -- is an independent federal government agency that charters and supervises federal credit unions and insures accounts in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government.

What is the purpose of NCUSIF?

The NCUSIF protects members’ accounts in federally insured credit unions, in the unlikely event of a credit union failure. The NCUSIF covers the balance of each member’s account, dollar-for-dollar up to the insurance limit, including principal and posted dividends through the date of the failure.

What is the NCUSIF insurance amount?

Properly established member accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount (SMSIA). The basic insurance amount is $250,000 per individual account holder, per federally insured credit union. This includes principal and posted dividends up to a total of $250,000. Joint account holders are insured up to $250,000 per joint account holder, per federally insured credit union. For example, an account with two joint account holders is insured for $500,000 separately from the holders’ individual accounts. This includes principal and posted dividends. IRA and KEOGH accounts are insured, separate from other accounts, up to $250,000 per institution, including principal and posted dividends.

What does NCUSIF insure?

The NCUSIF insures all types of deposits received by a credit union in its usual course of business. For example, savings accounts, share draft (checking) accounts, money market accounts, and share certificates (certificates of deposit “CDs”) are all insured by the NCUSIF.

What types of financial institutions are insured by NCUA’s NCUSIF?

NCUA insures accounts in all federally chartered credit unions and most state-chartered credit unions. All NCUA insured institutions must display this official sign at each teller window or teller station.

TOP Urgent Telephone Scam Alert

The scam uses a computer generated voice that states "Warren Community Federal Credit Union visa account holder, your Visa account has been suspended. Press 1 to connect to our security department to reactivate your account". The scam then asks you to enter your 16 digit Visa number and other information.

Protect yourself against Vishing. Know that your credit union will never call and request your credit card number over the telephone. Your credit union will never request any personal identification over via email. If you are a victim of this activity, please call us today: 330-847-7251.

This is clearly a scam. These type of scams are referred to as 'Vishing'. Vishing is the use of a computer-generated message over a public telephone (landline) to gain access to private personal and financial information.

Today, multiple phishing scams posing as various Ohio credit unions began circulating. Members and non-members are receiving e-mails and cell phone text messages informing them that their online account access has been suspended. Recipients are given a phone number to call to re-instate their online access (this is how the fraudsters steal their account information and potentially withdraw funds). Credit unions have already had members fall prey to these scams.

Greater Warren Credit Union will never email you, send a text message or call you and ask you for your account number, VISA Card number, Social Security Number or other personal information. If we're contacting you, we already have this information.

If you receive an email, text message or phone call that claims to be from Greater Warren Credit Union, but asks for sensitive, personal information, please do not respond. Call Greater Warren using a phone number found in the phone book or on our website (make sure the website address in the address bar on your browser reads www.greaterwarrencu.com) and report the incident.

There’s only one account we care about...and that’s yours!

your needs / our goal

Elite 500 Account
Trade up to better rates each time you add GWC services. With each new service you can add an additional .25% APY in dividends to your savings account. It’s our way of giving back to the membership we value and maximizing your return on your hard-earned dollars.

Greater Warren Credit Union is proud to introduce its new Elite 500 Savings Program; where members can earn additional dividends on their savings, with each additional new account they open. Here’s how it works:

Earn 1.25% APY
When you start with a $500 savings balance plus E-Statements and add a checking account with a debit card.

Earn 1.50% APY
When you start with $500 savings balance + E-Statements + debit card + checking account and add 1 additional service of either home banking, direct deposit, or a loan.

Earn 1.75% APY
When you start with $500 savings balance + E-Statements + debit card + checking account and add 2 additional services of either home banking, direct deposit, or a loan.

Earn 2.00% APY
When you start with $500 savings balance + E-Statements + debit card + checking account and add 3 additional services of either home banking, direct deposit, or a loan.

Adding additional services with GWCU is fast and easy. Our expert staff are ready to help.

Annual Percentage Yield (APY) are accurate as of the last dividend declaration date. Dividends on this account are compounded and credit monthly. The minimum deposit to open an Elite 500 Savings Account is $500. Credit union membership, checking, debit card (i.e. Visa Check Card), Virtual Branch home banking, and loans require application and approval. Share secured loans do not qualify for additional rate increase on the Elite 500 Savings Account. Call 330-847-7251 for more information. Deposits are insured up to $100,000 by the National Credit Union Administration (NCUA), a federal government agency.

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