according to the Mishkin Money & Banking textbook, the NCUSIF is a subsidiary fo the National Credit Union Admistration, a federal agency.
Jim
-----Original Message-----
From: joanna bujes
To: pen-l@xxxxxxxxxxxxxxxxxxx; lbo-talk@xxxxxxxxxxxxxxx
Sent: 3/29/2003 5:08 PM
Subject: [PEN-L:36285] safe banks? FDIC????
My credit union (AEACU) just posted a notice that they are not FDIC, but
insured through a private company: National Credit Union Share Insurance
Fund.
Should I worry? I love the place and love the service. Is FDIC the best
all-around guarantee? It even seems that because Credit Unions are more
strictly regulated, they might be safer as a place to park my money...
Would greatly appreciate your comments/suggestions.
Thanks,
Joanna
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- [PEN-L:36285] safe banks? FDIC????, joanna bujes Sun 30 Mar 2003, 01:12 GMT
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