Suze Orman helps consumers stay NCUA-safe.
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.
How can you be sure all of your money is NCUA-safe? Use the e-calculator on this site. It only takes a few minutes to enter your information, find out if you are currently 100% protected, and if not, what to do.
Disclaimer: These videos are intended for: (1) viewing on the NCUA.gov website; (2) viewing on the official NCUA YouTube channel (NCUAchannel); (3) viewing on the official NCUA Facebook page (facebook.com/NCUAgov); and (4) sharing on general financial themed blogs. This video is not intended for commercial use by individual credit unions including embedding on a credit union website.
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