The NCUSIF (National Credit Union Share Insurance Fund) insures credit unions while the FDIC (Federal Deposit Insurance Corporation) insures banks. Both are government-backed agencies that will protect your cash.
Seems that the NCUSIF is less likely to get wiped out by multi-billion $ failures of the FDIC mega-banks.
>The NCUSIF (National Credit Union Share Insurance Fund) insures credit unions while the FDIC (Federal Deposit Insurance Corporation) insures banks. Both are government-backed agencies that will protect your cash.
Seems that the NCUSIF is less likely to get wiped out by multi-billion $ failures of the FDIC mega-banks.
The credit union I'm with also says that deposits are protected up to 500k. I'm not sure if they have supplemental deposit insurance or what, I need to dig into that a little more.
The credit union I'm with also says that deposits are protected up to 500k. I'm not sure if they have supplemental deposit insurance or what, I need to dig into that a little more.
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