Does the FDIC Insure Credit Unions? No, but a similar agency—theNational Credit Union Administration (NCUA)—provides similar insurance coverage for credit unions and their members.7 Are Money Market Funds FDIC Insured? No, whilemoney market deposit accountsoffered by FDIC-insured banks are covered...
so depositors who keep their balances below a certain limit won't lose money even if banks fail. Some financial products, like investment accounts, aren't insured, and some banks also aren't insured by the FDIC. Credit unions are federally insured by a different federal...
In reality, most of the guarantees and insurance for your safe investments are coming from the US government. This includes FDIC- and NCUA-insured bank deposits and CDs. This includes Treasury bills and bonds and savings bonds. This includes the line of credit for the SIPC. The US government...