Is My Money Insured at a Credit Union?
The NCUA (the National Credit Union Administration) insures deposits in credit unions in the same way the FDIC insures deposits in banks. Both insurers are Federal Agencies backed by the full faith and credit of the United States Government.
Like the FDIC, the NCUA's insurance fund covers up to $250,000 in deposits per individual depositor.
98% of all credit unions are covered by NCUA insurance. Not one dollar of insured deposits has ever been lost by a member of an NCUA insured institution.