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Is Your Credit Union Safe? | How NCUA Insurance Protects Your Money

KeepItMovin
KeepItMovin - 116 Bekeken
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116 Bekeken
gepubliceerd op 30 Mar 2023 / In Nieuws en Politiek

So the bad news is that according to the NCUA (the National Credit Union Administration), there have been 256 credit union failures since 2009. That’s an average of 18 credit union failures/ year between 2009 and 2022. That’s the bad news, but there's good news as well!

Here's what I'll cover today:
- the advantages & disadvantages of banking with a credit union
- how NCUSIF / NCUA insurance protects your credit union deposits &
- what happens when a credit union fails
- when many of these credit unions failed &
- what the 2023 implications are for credit unions folks in 2023

SOURCES:
https://ncua.gov/support-services/conservatorships-liquidations
https://ncua.gov/files/publications/guides-manuals/NCUAHowYourAcctInsured.pdf
https://mapping.ncua.gov/
https://mycreditunion.gov/sites/default/static-files/insured-funds-brochure.pdf
https://mycreditunion.gov/insurance-estimator
https://mycreditunion.gov/share-insurance-estimator-faq
https://www.cutimes.com/2023/01/27/texas-credit-union-released-from-22-month-conservatorship/?slreturn=20230225064531
https://www.cutimes.com/2015/12/18/ncua-releases-a-e-a-fcu-from-conservatorship/

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madoff business

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