What is NCUA insurance? One of the NCUA’s responsibilities is managing the National Credit Union Share Insurance Fund (NCUSIF ...

As long as you choose a financial institution backed by the NCUA or the FDIC, you can rest assured that your money is protected up to $250,000. The NCUA provides federal insurance for deposits at ...

However, even though credit unions are not subject to FDIC insurance, Congress created the National Credit Union Administration (NCUA) in 1970 to insure deposits in credit union accounts.

The NCUA is very similar to the Federal Deposit Insurance Corporation (FDIC). While the NCUA monitors and insures credit unions, the FDIC works with commercial banks. Both organizations insure ...

Money market accounts are insured by the FDIC or NCUA, unlike money market funds, providing a safer option for bank investors. Some money market accounts ask for higher minimum deposits or charge ...

Hood’s appointment also gives him a seat on the board of the Federal Deposit Insurance Corp. and adds to the imbalance on the FDIC board ... in 2019 to serve on the NCUA board – he fulfills ...