Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUNA reminds of NCUSIF in IWSJI debt-limit article
WASHINGTON (8/2/11)--The U.S. debt-ceiling debate has brought advice from The Wall Street Journal for consumers to review their savings accounts and other deposits to make sure their cash is protected by federal insurance. The Credit Union National Association (CUNA) took the opportunity to educate the Journal and its readers about credit unions' federal deposit insurance fund. Money deposited at a federal credit union is generally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), which works under the same account-category rules as Federal Deposit Insurance Corp. insurance, CUNA Chief Economist Bill Hampel told the Journal (July 31). Most, but not all, state-chartered credit unions are also covered by the NCUSIF, Hampel noted in the article. "If you're not sure, ask your credit union," the article said, pointing readers to a deposit-insurance calculator on the National Credit Union Administration website. Use the link to review the full article. The article was also featured in MarketWatch (July 31).
Other Resources

RSS print
News Now LiveWire
#creditunion affinity card programs make the grade for schools See #NewsNow http://t.co/TThZIvMRTO
8 hours ago
Home-price appreciation softens further in July #NewsNow #Market http://t.co/0MXVy9sby0
10 hours ago
.@ChartwayFCU charitable arm, the We Promise Foundation, has reached the $1M fundraising milestone in a single year for the first time
11 hours ago
.@mncreditunions' Mark Cummins shares CU difference with @KIMTNews3 http://t.co/gkarhZxDRF
12 hours ago
.@LeagueofSECUs' brand campaign reaches 80M consumers #NewsNow #System http://t.co/yKmdYyXN2v
13 hours ago