On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the maximum deposit insurance amount for both FDIC and NCUA deposits to $250,000.

This deposit insurance had previously been temporary. Depositors with more than $100,000 in a CD or account will no longer have to worry about their money being insured by the NCUA, with the backing of the full faith and credit of the U.S. government.