Barry has $22,000 in a savings account with the Scott Credit Union. While economic conditions have caused all financial institutions to struggle, Barry feels that his money is safe due to the fact that the credit union's accounts are protected by the:

Question

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The National Credit Union Administration (NCUA) is the federal agency that regulates and insures credit unions in the United States. Therefore, it protects the accounts of credit union members, like Barry, up to $250,000 per account. The other options, such as the FDIC and CUIF, are insurance funds that protect accounts in banks and some credit unions, but not all credit unions. The National Alliance of Credit Union Underwriters (NACUU) is not a real organization.

Barry Has $22,000 in a Savings Account with the Scott