Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
INew York TimesI notes CUs federal insurance
NEW YORK (10/2/08)--The New York Times recognized the National Credit Union Share Insurance Fund (NCUSIF), which covers federally insured credit unions and most state-chartered credit unions, in an article Wednesday. “Navigating Troubled Times: Answers for Readers” invited readers to ask the newspaper questions about their finances. A member of Florida Telco CU, Jacksonville, asked the Times if his money is safe at the credit union. Another credit union member asked the newspaper if his shares, share drafts, certificates and deposits were safe in a credit union. The member noted that he has used credit unions for banking “because I like the small-town feel of them.” The newspaper responded: “The National Credit Union Administration (NCUA), is the government agency that supervises federal credit unions. The NCUA runs an insurance fund--the NCUSIF--that is backed by the U.S. government.” The Times also noted that the fund covers individual credit union accounts up to $100,000 and joint accounts up to $200,000. The fund also provides $250,000 coverage for retirement accounts.
Other Resources

RSS print
News Now LiveWire
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
15 hours ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
16 hours ago
Jobless claims drop by 19,000 this week #Market #NewsNow http://t.co/LSqaYCsmX4
17 hours ago
#RBC draws letters from @SenatorBegich, @SenShelby to @TheNCUA See #NewsNow http://t.co/JvLBwkHwxF
18 hours ago
It's #summercamp with a financial literacy, #creditunion twist http://t.co/5eaps9ZoVB
20 hours ago