On Friday, October 3, 2008, President Bush signed into law the financial rescue bill (the "Emergency Economic Stabilization Act," HR 1424). Among other measures, this law increased the dollar amount of federal deposit insurance in credit unions to at least $250,000 per depositor. Originally, the increased level of coverage was set to expire on December 31, 2009.

However, this coverage was recently extended to December 31, 2013 by the signing of the Helping Families Save Their Homes Act.

The insurance limits for credit unions are exactly the same as that for FDIC-insured banks. As long as your deposits at Wright-Patt Credit Union are less than $250,000, there is no need to move any of your money away from the credit union.