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Is a credit union FDIC insured?

Updated: 4/28/2022
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10y ago

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No, the National Credit Union Administration (NCUA) insures the Credit Unions.

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10y ago
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Q: Is a credit union FDIC insured?
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What is something that makes for a safe credit union?

Most credit unions are insured by the NCUA which is similar to the FDIC insurance carried by most banks. Being NCUA insured makes for a safe credit union.


Is EECU Credit union in Ft. worth FDIC insured?

It appears that the answer is...no. Their website lists the logo of the "National Credit Union Administration, a U.S. Government Agency", and claims "Member accounts are federally insured to at least $250,000". However, there is no FDIC logo or claim of membership on the EECU website. I looked at another website, one for a bank. They clearly listed their FDIC membership. EECU may have some other form of insurance, but it does not seem to have FDIC coverage.


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FDIC insurance covers bank deposits, not home loans. If you pull money from a credit line and deposit it with a bank, those deposited funds may be FDIC insured.


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Is Preferred Community Bank FDIC insured?

They are FDIC insured up to $100,000.


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are mutual saving banks be FDIC insured


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YepMoney market savings accounts are insured by the FDIC if the account's at a bank. They're insured by the NCUA if the money market account is at a credit union.yes they are insured up to 100,000 dollars during the credit crisis this limit was raised to 250,000 per account. Thus if you have more money than distribute it amongst several banks