---
title: Tips on Tap - Financial Soundness & Coverage
description: Gain tips on NCUA deposit insurance coverage, financial soundness and security, and what to look for in your financial institution.
---

[On Tap Blog ](https://blog.ontapcu.org)

# [Tips on Tap - Financial Soundness & Coverage](https://blog.ontapcu.org/tips-on-tap-financial-education-series-0)

 Written by [On Tap Credit Union Staff](https://blog.ontapcu.org/author/on-tap-credit-union-staff) | Mar 14, 2023 10:02:24 PM

#### Tip #1:  Maximize your NCUA insurance coverage.

Rest assured knowing your deposits are insured through the NCUA - up to $250,000 per person or business EIN.

Have more than $250,000 at On Tap?  Not a problem. We have ways to structure your funds so that coverage can extend beyond $250,000. Give us a call at **303.279.6414.**

Watch the video below to learn more about NCUA insurance coverage.

 

#### Tip #2:  Gain more money for yourself, not stockholders.

 We have members, not stockholders.  Unlike for-profit financial institutions, On Tap is a not-for-profit cooperative, owned by you - our members.  Therefore, all decisions about products and services offered are made in YOUR best interests and the benefits of those decisions go back you. We do not engage in risky practices to meet stockholders' profit demands.

 

#### Tip #3:  Bank where the investments are given to you and your community, not in risky investment sectors.

 

Unlike some of the big banks who invest in risky areas like cryptocurrency and venture capital, we live and work in the communities that we serve, taking local deposits and making local loans while properly managing risk to remain safe and sounds. Last year alone, we gave over $1.1 million in dividends to our members and over $50,000 in community giveback and scholarships.

 

 

 

[View full post](https://blog.ontapcu.org/tips-on-tap-financial-education-series-0)

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