Kashu Wallet is a software interface, not a bank account.

Your funds are held in segregated, for-benefit-of (FBO) custodial accounts at KeyPoint Credit Union, a federally insured credit union.

Those accounts are established and managed by Monarch Technologies, a licensed money services business (NMLS ID 1908316), which executes the movement of funds. Kashu does not itself hold or move funds.

The Kashu Wallet is not itself federally insured. NCUA share insurance applies at the level of the insured credit union, subject to NCUA requirements, and protects only against the failure of that credit union, not fraud or the failure of Monarch.