• 0 Posts
  • 3 Comments
Joined 2 years ago
cake
Cake day: August 10th, 2023

help-circle


  • Also, credit unions don’t have insurance on your savings, banks do.

    In the United States, this is just blatantly untrue:

    Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF coverage is similar to the coverage provided by the Federal Deposit Insurance Corporation (FDIC). Credit union members do not need to apply for share insurance coverage as it is provided automatically when they join a federally insured credit union. Each credit union member has at least $250,000 in total coverage for share accounts held at a federally insured credit union.

    From https://mycreditunion.gov/protect-your-money/share-insurance

    Your ignorance is hilarious though.