What is the difference between the NCUA and the FDIC? The only difference is the NCUA insures credit union deposits whereas the FDIC insures bank deposits. Other than that, the two work similarly. If a credit union should happen to fail, the NCUA will pay insured deposits to the member owning the account. The same goes for a bank. Both are regulated and are expected to meet certain standards. If such standards are not met, both the NCUA and FDIC have the option of changing management and can even go as far as taking corrective measure to insure that standards never fall again. Contact Us Contact Brownsville’s most trusted credit union, Valley Federal Credit Union, for any questions regarding our insurance policies at (956) 546-3108.
