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With the volume of ads for banks shown online and on television, you undoubtedly have heard the term "FDIC insured." That's the guarantee that the federal government makes to you that your money is...
The NCUA and FDIC offer the same amount of coverage for deposit accounts. Both provide standard deposit insurance of $250,000 per individual depositor, per insured institution.
The NCUA’s counterpart at banks is the Federal Deposit Insurance Corp. (FDIC). While accounts at credit unions and banks are insured differently, both federal agencies have similar rules and ...
The National Credit Union Administration (NCUA) is an American government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation (FDIC), which insures commercial banks and savings institutions.
The FDIC handled the process and made good on its promise to protect deposits. If you’re concerned about your money, double check that you’re covered by FDIC or NCUA insurance. Show comments
A three-part YouTube series designed to educate depositors about the protection offered by the National Credit Union Share Insurance Fund. The Share Insurance Fund also provides funding when a credit union is no longer able to continue operating, the credit union will be liquidated and the NCUSIF will pay member shares up to $250,000.
This means a joint account offers $250,000 in protection for both parties — resulting in $500,000 of protection. NCUA insurance is nearly identical to FDIC insurance.
The FDIC and NCUA protections are identical twins with different names. Both protect your money up to $250,000, and both come with the full backing of the U.S. government.