Are credit unions covered by the FDIC as banks are?, Harlingen Credit Union

Are credit unions covered by the FDIC as banks are?

Credit unions are not covered by the FDIC; however, they are covered by the National Credit Union Administration (NCUA) which works similarly as the FDIC. The federal government oversees the NCUA and insures the accounts of all of our members with the National Credit Union Share Insurance Fund (NCUSIF).

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If you have any questions regarding our accounts and how they operate, contact the Valley Federal Credit Union main branch at (956)546-3108.