NCUA: Deposits Are Safe in Federally Insured Credit Unions


The National Credit Union Administration issued a press release reminding federally insured credit unions and their members of the safety of their deposits. Deposits are insured up to at least $250,000 per depositor by the National Credit Union Share Insurance Fund. NCUA also warns against coronavirus related scams, including malicious attachments, links or social media posts asking for sensitive information or money for fraudulent charities.

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