Xavier deposited $75,000 in various individual accounts at his local credit union.He and his wife also have a joint savings account worth $34,500.The total amount for which the National Credit Union Administration (NCUA)would insure these deposits would be:

Question

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The NCUA insures individual and joint accounts up to $250,000 per person per credit union. Therefore, the $75,000 in individual accounts is fully insured, and the joint savings account of $34,500 is also insured. The total insured amount is $109,500.

Xavier Deposited $75,000 in Various Individual Accounts at His Local