What is FDIC, NCUA and SIPC insurance
There are several organizations that have been set up to protect consumers' financial assets — the FDIC which covers deposits in banks and savings associations, the NCUA which does the same for most credit unions and the SIPC which covers investors' assets. It's important to be aware of your rights and how these institutions can keep your money safe. We break down the ulasan film difference between these organizations and what they cover. How does FDIC insurance work?Established during the Great Depression, the Federal Deposit Insurance Corp(opens in new tab) (FDIC) ensures that your bank deposits are safe, even if the bank goes under. The FDIC — which is funded by premiums paid by banks and savings associations — protects up to $250,000 in individual deposit accounts and up to…