Once you become a HUECU member, you also become an owner. That's the Credit Union difference. As a member-owner, you also help guide the Credit Union's future by voting for the Board of Directors. So, your membership really does make a difference! HUECU is a state-chartered credit union, organized under strict regulatory laws that are monitored and enforced by the National Credit Union Administration (NCUA) an agency of the U.S. Government. The NCUA insures each member account for at least $250,000. The Massachusetts Credit Union Share Insurance Corporation (MSIC) will cover an individual account up to $600,000 and up to $1.2M for a joint account.