SUZE ORMAN:
There are banks and there are credit unions. FDIC insures money in a bank up to the coverage limit of 250,000 dollars. The same is true of NCUA. It insures the money that is in a credit union up to the insured amount – two hundred and fifty thousand dollars.

Now — in my opinion, if you're going to have money in a credit union, it better be a federally insured credit union. There's just a few that aren't, but in these days and ages, you want to be safe, you want to be sound, and know that you have a credit union that is federally insured and your money is only up to the limit of NCUA, which is two hundred and fifty thousand dollars per account.

Now you know, years ago, years ago FDIC, NCUA, they had a coverage limit amount of only one hundred thousand dollars. Then, things kind of got hairy in the United States of America. People were freaking out, so those coverage limits were actually increased to 250,000 dollars.

Now, in the year 2013 they were supposed to go back to 100,000 dollars. Guess what. Nuh uh uh. The limits are now permanent at 250,000 dollars per account.

Listen, if you have money in a credit union, you owe it to yourself to go to NCUA.gov and right there you'll find a calculator, you'll find the information you need to know about NCUA insurance, the limits, credit unions. Go there to find out what you need to know.