What is the difference between NCUA and FDIC insurance? - fdic
My dream is to open an account at a credit union. I realized that the body is not insured by the FDIC, but they have NCUA insurance. Is there a difference between the two, with the exception of names?
If the collapse of the Credit Union, NCUA insurance cover 100% of my losses if my property is less than $ 100,000?
Are there any risks when it comes to a credit union?
Saturday, January 30, 2010
Fdic What Is The Difference Between NCUA And FDIC Insurance?
2 comments:
The FDIC is the federal level. The NCUA is private. They protect their investments. The money from your credit union is protected.
There are no special risks to respond to a credit ..
They are the same, are provided by various agencies available and will be covered by the same amount. NCUA is to credit unions, the FDIC is to banks.
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