Total Deposits for credit unions are the sum of Total Shares of the credit union and non-member deposits. Each member owns a part of the credit union against the deposits made by them. Hence the credit union member’s deposits are defined as shares. The profits and savings against the total deposits are shared among the members. Credit Union member deposits are termed as “Demand Deposits” and can be withdrawn by the owner at any given point without prior notification. These deposits are not subjected to any taxes from the federal government. Furthermore, they are insured by the National Credit Union Administration (NCUA) for up to $250,000 (each account).