Our members benefit from deposits being federally insured by the NCUA. Credit unions are insured by NCUA and banks are insured by FDIC.

National Credit Union Association (NCUA)

  • Insures deposits up to $250,000
  • Federal government insurance programs

What is the difference between the FDIC and the NCUA?

The NCUA regulates credit unions and insures deposits made at credit unions; the Federal Deposit Insurance Corporation, or FDIC does the same for banks. The FDIC’s mission is very similar to that of the NCUA; they do the same thing the only real difference is the type of financial institution holding the insured deposits (credit union or bank).

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