Your Deposits are Safe and Secure at BMI

Safety and soundness issues have really hit center stage in the banking world. We want to assure you that your deposits at BMI are safe, sound, and federally insured!

Protecting your savings with the highest level of security available is one of our major objectives. That is why we combine your federal deposit insurance coverage with excess deposit insurance protection from Excess Share Insurance (ESI), a subsidiary of American Share Insurance, the nation's largest private deposit insurer.

Your accounts are currently insured to at least $250,000 by the National Credit Union Administration, an agency of the federal government. Additionally, your board of directors has chosen to provide up to an additional $250,000 of savings protection to each qualifying account through ESI.

Additional information about the NCUA increase in Retirement Insurance Coverage