The deposit insurance programs of the National Credit Union Administration (NCUA) is modeled after the programs offered by the FDIC.

Name: The deposit insurance programs of the National Credit Union Administration (NCUA) is modeled after the programs offered by the FDIC.
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The NCUA's deposit insurance program is indeed modeled after the FDIC's program, in order to provide similar protections to credit union members as those provided to bank depositors.

The Deposit Insurance Programs of the National Credit Union Administration