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NCUA and FDIC. Virtually Identical.
Renowned personal finance expert, Suze Orman, is appearing in public service TV messages explaining the similarities between NCUA and FDIC protection.
As Ms. Orman says, "They're virtually identical. NCUA protects the money you have in a credit union account up to $250,000, same as FDIC protects money in a bank account."
Both are backed by the full faith and credit of the U.S. government, so no matter what happens, your money is safe, provided you stay within the coverage limits. And a new law makes this $250,000 coverage limit permanent.
View the 60-second service message
  
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