NCUA vs. FDIC The NCUA and FDIC are very similar; they provide government-backed deposit account insurance. While the NCUA applies to federally insured credit unions, the FDIC insures bank deposits. “The NCUA is federal insurance for credit union members that offers the same safety and securi...
The National Credit Union Administration vs. the Federal Deposit Insurance Corporation The NCUA is equivalent to the Federal Deposit Insurance Corporation or FDIC. The FDIC is an independent federal agency that insures deposits in U.S. banks in the event ofbank failures. Created in 1933 in respon...