by 3 hours ago
ANSWERS: 2
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Yes. Credit unions, like other financial institutions, are closely regulated. And they operate in a very prudent manner. The National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members at more than 9,000 federal and state-chartered credit unions nationwide. Deposits are insured up to $100,000. http://www.creditunion.coop/what_is_a_cu.html
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Absolutely and maybe even safer. credit unions have credit union members and not the public. banks have the public and everything that comes with them.
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