The NCUA is a federal agency set up in 1970 to provide deposit insurance for credit union members. It insures up to $250,000 per credit union member (whether in an individual or a joint account ...

The NCUA’s counterpart to banks is the Federal Deposit Insurance Corp. (FDIC). While accounts at credit unions and banks are insured differently, both federal agencies have similar rules and ...

The Federal Deposit Insurance Corporation, or FDIC, will protect your money if a bank shuts down. NCUA insurance is the equivalent for credit unions. What is NCUA insurance? On a credit union's ...

Once you are a member of a credit union, you can remain a member regardless of what happens to your original qualifications. ...

FDIC vs. NCUA: Understanding the differences The primary difference between FDIC and NCUA insurance is what financial institutions they cover. The FDIC only oversees banks and savings associations.

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 ...

A money market account is a type of deposit account that allows consumers to earn interest while having easy access to their ...

Alternatives to traditional savings accounts might be especially worth considering if you have funds in excess of the amount covered by FDIC insurance (or NCUA insurance, if your money is at a ...