Excess Share Insurance
Commercial members may qualify for additional deposit
insurance above the NCUA-insured amount of $250,000. Commercial members may request up to an
additional $5,000,000 in insurance coverage per unique entity for funds in Money Market or
Business Platinum Money Market shares. Dividends earned on the covered shares will be reduced
to help offset the cost of the additional insurance premiums. Magnifi Financial’s Commercial
department will help determine the right amount of coverage for your business.