Quick question, I’m sure it’s been covered but what is the insurance situation for money market accounts at credit unions for amounts under 100k. Should I hit the panic button and move to a different account? It needs to be liquid and rate isn’t a big factor.
I believe the National Credit Union Administration (NCUA), backs deposits up to $100k…a very similar structure to the FDIC. You should be OK under $100k, as long as you feel comfortable relying on the government to get your money back if something happens.
If you’re looking for a move to a commercial bank, check out California Bank & Trust, a subsidiary of Zions Bancorp out of Utah (Nasdaq: ZION). I’m in private banking at CB&T and would be happy to help a fellow Pigg.
I believe the National Credit Union Administration (NCUA), backs deposits up to $100k…a very similar structure to the FDIC. You should be OK under $100k, as long as you feel comfortable relying on the government to get your money back if something happens.
If you’re looking for a move to a commercial bank, check out California Bank & Trust, a subsidiary of Zions Bancorp out of Utah (Nasdaq: ZION). I’m in private banking at CB&T and would be happy to help a fellow Pigg.
I believe the National Credit Union Administration (NCUA), backs deposits up to $100k…a very similar structure to the FDIC. You should be OK under $100k, as long as you feel comfortable relying on the government to get your money back if something happens.
If you’re looking for a move to a commercial bank, check out California Bank & Trust, a subsidiary of Zions Bancorp out of Utah (Nasdaq: ZION). I’m in private banking at CB&T and would be happy to help a fellow Pigg.
I believe the National Credit Union Administration (NCUA), backs deposits up to $100k…a very similar structure to the FDIC. You should be OK under $100k, as long as you feel comfortable relying on the government to get your money back if something happens.
If you’re looking for a move to a commercial bank, check out California Bank & Trust, a subsidiary of Zions Bancorp out of Utah (Nasdaq: ZION). I’m in private banking at CB&T and would be happy to help a fellow Pigg.
I believe the National Credit Union Administration (NCUA), backs deposits up to $100k…a very similar structure to the FDIC. You should be OK under $100k, as long as you feel comfortable relying on the government to get your money back if something happens.
If you’re looking for a move to a commercial bank, check out California Bank & Trust, a subsidiary of Zions Bancorp out of Utah (Nasdaq: ZION). I’m in private banking at CB&T and would be happy to help a fellow Pigg.
