Credit — Unions

: Deposits are insured up to $250,000 by the National Credit Union Administration (NCUA) , similar to how the FDIC insures banks. 2. Pros and Cons of Credit Unions Money Basics Guide to Savings and Checking Accounts

: Credit unions are owned and controlled by their members; banks are owned by stockholders. credit unions

: Members elect a volunteer board of directors to manage the institution; bank boards are typically paid and answer to shareholders. : Deposits are insured up to $250,000 by