0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Which of the following insures savings accounts in the event that a bank fails A NATO B FDIC C FBI D CDC?
There are different agencies. FDIC insures bank accounts through the Fed Reserve. NCUA insures Federal Credit Unions, then there are private companies like ASI and others that insure accounts, however, FDIC and NCUA are the 2 federal insurance plans in place by the government
What is something that makes for a safe credit union?
Most credit unions are insured by the NCUA which is similar to the FDIC insurance carried by most banks. Being NCUA insured makes for a safe credit union.
Is a credit union FDIC insured?
No, the National Credit Union Administration (NCUA) insures the Credit Unions.
Is chase bank insured by the NCUA?
No, it is not. Only credit unions are insured by the NCUA, which stands for the National Credit Union Association.
Is Bank of America insured by the NCUA?
Maybe
Which of the following insures savings accounts in the event that a bank fails A NATO B FDIC C FBI D CDC?
There are different agencies. FDIC insures bank accounts through the Fed Reserve. NCUA insures Federal Credit Unions, then there are private companies like ASI and others that insure accounts, however, FDIC and NCUA are the 2 federal insurance plans in place by the government
What is something that makes for a safe credit union?
Most credit unions are insured by the NCUA which is similar to the FDIC insurance carried by most banks. Being NCUA insured makes for a safe credit union.
Is a credit union FDIC insured?
No, the National Credit Union Administration (NCUA) insures the Credit Unions.
Which government agency did not participate in April 2007 guidance entitled statement on working with mortgage brokers?
AGENCIES: Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); Office of Thrift Supervision, Treasury (OTS); and National Credit Union Administration (NCUA) (collectively, the Agencies).
Is chase bank insured by the NCUA?
No, it is not. Only credit unions are insured by the NCUA, which stands for the National Credit Union Association.
Are bank cd's federally insured?
YepMoney market savings accounts are insured by the FDIC if the account's at a bank. They're insured by the NCUA if the money market account is at a credit union.yes they are insured up to 100,000 dollars during the credit crisis this limit was raised to 250,000 per account. Thus if you have more money than distribute it amongst several banks
Is Bank of America insured by the NCUA?
Maybe
What banks offer teen checking accounts?
USAA: https://www.usaa.com/inet/pages/youth_checking_main - FDIC memberBank of America: -- FDIC approvedChase: https://www.chase.com/online/Checking/chase-checking-account.htm -- FDIC memberWells Fargo: https://www.wellsfargo.com/jump/checking/teen -- FDICmemberPentagon FCU/PenFed: --NCUA approvedCiti:https://online.citibank.com/US/JRS/pands/detail.do?ID=ChkStudent -- FDIC memberUS Bank:http://www.usbank.com/ICWeb/productComparison.html?productCode=DDA&subProductCode=22,PR -- FDIC memberA couple of things:**Check the age requirements, some are 13+, others are 16+, and Citi is for college students. Also USAA you can be under 13, not sure how much under though. **USAA I personally like best, because of the extra benefits. See the USAA comparison to it's competitors on the tab COMPARE, here: https://www.usaa.com/inet/pages/youth_checking_main***See how far the bank is from you or if they have easy ways to deposit if you are far, such as USAA has Easy Deposits in participating UPS stores. ***Many people believe USAA is just for military, but they opened it to non-military awhile ago, it's just the military get a few more perks than non-military, but its basically equal***When making your choice make sure if they are a bank, they are FDIC member/approved. If they are a Credit Union, that they are NCUA approved.***
How is a money market savings account different than a regular savings account Can I make more money in it?
A simple savings account generally pays the owner a set amount of stated interest on his or her deposits based upon an particular annual rate. Money market savings accounts typically require higher balances and limit monthly transactions, but generally do pay a higher interest rate. Both kinds of accounts are guaranteed in the United States by the FDIC and NCUA.
Where can one find information on regulatory jobs?
You can find information about regulatory jobs online at websites such as Consumer Finance, NCUA, and Neogov. You can also find potential employers using websites such as Indeed and Monster.
How do you file a complaint against the Navy Federal Credit Union?
You file a complaint with the NCUA (National Credit Union Association) which governs Federal Credit Unions. It is run by the Federal Government. I recently had to go this route.
How do credit unions get their money?
by taking in the deposits of their members (customers). They then lend most of that money out again at a higher rate of interest than they pay the member for the deposit. This process is very similar to typical banking establishments, but the difference lies in the insulating effect almost all credit unions have by virtue of their membership requirements. Whether it be a form of employment in a region, membership in a labor or trade union, or (as is becoming common) residence in a metropolitan area, credit unions are often not nearly so exposed to shocks as global banking establishments. Deposits are ensured by the NCUA, which functions in a very similar manner as the FDIC.
