Whats the difference between FDIC and NCUA?
NCUA is for credit unions and sees over the insurance of credit union deposits, but has more duties than just insurance. FDIC insures bank deposits. National Credit Union Administration (NCUA): The Federal regulatory agency that charters and supervises Federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of Federal credit unions.) Federal Deposit Insurance Corporation (FDIC): A government corporation that insures the deposits of all national and State banks that are members of the Federal Reserve System.
