Barry has $22,000 in a savings account with the Scott Credit Union. While economic conditions have caused 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:

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The National Credit Union Administration (NCUA) is the federal agency that regulates and insures credit unions. It provides insurance coverage up to $250,000 per account for credit union accounts, similar to the FDIC for banks. Therefore, Barry's savings account with the Scott Credit Union is protected by the NCUA.

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