Congress authorized the FDIC and FCUA to increase insurance limits on individual retirement accounts like IRAs held through FDIC insured banks. The FDIC has increased the limit to $250,000. If FCUA (for credit unions) hasn't made the same increase yet, it will shortly.
http://www.chicagotribune.com/business/chi-0603150223mar15,1,919486.story?coll=chi-business-hed
http://www.chicagotribune.com/business/chi-0603150223mar15,1,919486.story?coll=chi-business-hed