Query: Will my money be insured in a credit union?
Context: Yes, savings in a credit union are often insured, but the insurance is provided by the National Credit Union Administration (NCUA), not the FDIC. Similar to FDIC insurance, the NCUA insurance typically covers up to $250,000 per depositor, ensuring that your savings in a credit union are protected against losses in the event of financial instability or a credit union failure.