How safe are credit unions in general?
The National Credit Union Administration (NCUA), an agency of the U.S. Federal Government, insures virtually all credit unions. The National Credit Union Share Insurance Fund (NCUSIF), which insures savings up to $250,000 per account, protects the assets of nearly 87 million credit union members throughout the United States. Retirement accounts such as IRAs benefit from coverage of up to $250,000, separate from your share accounts.
