Build Wealth Through Banking
Most banks and credit unions are safe places to store your money. The Federal Deposit Insurance Corporation (FDIC) insures bank depositors’ funds up to $250,000 per account. The National Credit Union Administration (NCUA) provides insurance coverage for deposits held in credit unions, up to $250,000 per depositor per credit union. However, not all financial institutions, products, and services are insured. Before putting your money into a bank or credit union, be sure it is insured.
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