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Washington
Hood explains federal CU share insurance in video
ALEXANDRIA, Va. (7/28/08)--National Credit Union Administration (NCUA) Vice Chairman Rodney Hood appears in a new online presentation that explains credit union share insurance. The presentation is derived from comments Hood made last spring during an appearance on “Home and Family Finance Radio,” presented by America’s Credit Unions. He answers questions--that the agency says consumers have been posing lately--in a three-minute audio/video presentation now playing on CUNA’s consumer website, www.creditunion.coop. In the presentation, Hood explains in clear, familiar terms, how credit union savings are federally insured by NCUA, the role of NCUA as the federal savings insurer of credit unions, and the scope of federal share insurance. Use the link below to watch the complete video.
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