What You Need To Know About Credit Unions
by Mike Scott
When you join a credit union, in effect, you become one of the owners. Unlike a bank, where you are just another annoying customer, credit unions are owned by the members and have a voice in their operations.
My question is are funds in credit unions insured like a regular bank account? Is my money going to be safe and
insured by the federal government?
If it is a Federal Credit Union, then yes. See this link: http://www.mycreditunion.gov/protect/Pages/Is-My-Money-Safe-in-a-Credit-Union.aspx