According to data from FedFis.com, just 139 of the nation’s 4,568 FDIC-insured commercial and savings banks and 4,572 credit unions insured by the National Credit Union Administration, work with ...

CDs at banks are FDIC-insured up to $250,000 per person, per bank. If your balance exceeds $250,000, you should consider spreading your funds across multiple banks to cover all of your funds.

As mentioned, CDs issued by credit unions are not FDIC-insured. However, most credit unions belong to the NCUA, which provides up to $250,000 coverage to CDs and other credit union accounts.

FDIC insurance is backed by the full faith and credit of the U.S. government. The FDIC insures up to $250,000 per depositor, per FDIC-insured bank, per ownership category.

In many cases, FDIC insurance will cover a larger portion of the funds. With joint accounts, the FDIC insurance covers up to $250,000 per co-owner — or $500,000.

Both federal agencies protect consumer deposits at federally insured financial institutions. The difference is that the NCUA backs credit unions, and the FDIC covers banks.

You can check whether your bank is FDIC insured on the FDIC BankFind Suite webpage. Or, call the FDIC at 877-ASK-FDIC (877-275-3342) and ask to speak with a deposit insurance specialist.

What this means is if you have less than $250,000 in your account at an FDIC-insured U.S. bank, you don’t need to live in a constant state of panic. Your money should be safe in the bank.

In your answer, you made the statement, "Bank money market funds are not FDIC-insured." I don't know which bank you refer to, but I have four money market funds at four separate savings and loans ...

The FDIC also argued that the Caymans branch was not eligible for chapter 15 relief because it was not separately incorporated, but merely a branch of SVB, a California-incorporated bank in FDIC ...