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NCUA: What it is and how it keeps your money at credit unions safeThe NCUA’s counterpart at banks is the Federal Deposit Insurance Corp. (FDIC). While accounts at credit unions and banks are ...
It operates in a similar way to FDIC, protecting up to $250,000 per credit union member (whether in an individual or a joint account) via the National Credit Union Share Insurance Fund.
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NCUA vs. FDIC: What’s the Difference?Both protect your deposits, but at different types of institutions The National Credit Union Administration (NCUA) provides federal insurance for deposits at credit unions, while the Federal ...
but the coverage is provided by the National Credit Union Share Insurance Fund, which is administered by the NCUA. Like FDIC insurance, NCUA insurance covers your MMA deposits up to $250,000 per ...
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