Unlike banks, credit unions are member-owned, not-for-profit financial cooperatives. This structure enables us to return profits to our membership in the forms of lower fees, better interest rates on loans, additional products and services, and more convenient branch locations. Pinellas FCU has never taken part in risky subprime lending in order to increase profits. We have never been merged by another financial institution. Your credit union is safe, sound and has money to lend. Additionally, your deposits at Pinellas FCU are insured by the NCUA (National Credit Union Administration), an agency of the Federal government, up to $250,000. IRAs (Individual Retirement Accounts) are insured separately for up to $250,000. You can rest easy, knowing that not one penny of insured savings has ever been lost by a member of a federally insured credit union.