### Question
What is the definition of insured account?


### Answer
The definition of **insured account** is as follows in *12 U.S.C. § 1787*:

> the total amount of the account in the member's name (after deducting offsets) less any part thereof which is in excess of $100,000

#### Citation:
  - *12 U.S.C. § 1787*
  - Heading: **CHAPTER 14-FEDERAL CREDIT UNIONS > SUBCHAPTER II-SHARE INSURANCE**

