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Bankrate on MSNNCUA: What it is and how it keeps your money at credit unions safeWhat is NCUA insurance? One of the NCUA’s responsibilities is managing the National Credit Union Share Insurance Fund (NCUSIF ...
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NCUA vs. FDIC: What’s the Difference?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.
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 ...
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