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The NCUA’s counterpart to 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 Federal Deposit Insurance Corporation, or FDIC, will protect your money if a bank shuts down. NCUA insurance is the equivalent for credit unions. What is NCUA insurance? On a credit union's ...
SDI Productions / Getty Images The National Credit Union Administration (NCUA) provides federal insurance for deposits at credit unions, while the Federal Deposit Insurance Corporation (FDIC ...
If an insured credit union fails, the NCUA generally insures an account up to $250,000, similar to the FDIC insurance that backs bank accounts. Most U.S. credit union members probably know the ...
This achievement demonstrates the rapid growth of the ModernFi CUSO network and reflects extensive collaboration across the credit union industry to provide unprecedented security and stability ...
The NCUA is a federal agency set up in 1970 to provide deposit insurance for credit union members. It insures up to $250,000 per credit union member (whether in an individual or a joint account ...
Holly Humbert is a freelance writer who is passionate about entrepreneurship, women in business and financial literacy. In addition to writing, Holly works in marketing helping clients harness the ...
That's where the National Credit Union Administration comes in. The NCUA offers deposit insurance that's similar to FDIC insurance. Like the FDIC, the NCUA offers coverage of up to $250,000 per ...
You can keep money in a bank account during a recession and it will be safe through FDIC and NCUA deposit insurance. Up to $250,000 is secure in individual bank accounts and $500,000 is safe in ...