Comments on: NCUA Insurance Coverage: Protecting Your Credit Union Deposits http://www.fivecentnickel.com/2008/08/18/ncua-insurance-coverage-protecting-your-credit-union-deposits/ personal finance tips, tricks, and commentary Sun, 22 Nov 2009 02:21:27 -0500 http://wordpress.org/?v=abc hourly 1 By: robert carver http://www.fivecentnickel.com/2008/08/18/ncua-insurance-coverage-protecting-your-credit-union-deposits/comment-page-1/#comment-129792 robert carver Wed, 04 Mar 2009 16:58:25 +0000 http://www.fivecentnickel.com/2008/08/18/ncua-insurance-coverage-protecting-your-credit-union-deposits/#comment-129792 ncua insurance coverage doesn't seem to have been increased too $250000. like fdic ! ncua insurance coverage doesn’t seem to have been increased too $250000. like fdic !

]]> By: Nick http://www.fivecentnickel.com/2008/08/18/ncua-insurance-coverage-protecting-your-credit-union-deposits/comment-page-1/#comment-122249 Nick Sun, 24 Aug 2008 16:38:17 +0000 http://www.fivecentnickel.com/2008/08/18/ncua-insurance-coverage-protecting-your-credit-union-deposits/#comment-122249 For the "average" person, I suppose you could say that $100K (plus $250K, if any IRAs) would be the minimum. But there is definitely a way to garner some more insurance. Adding qualified beneficiaries (Payable on Death) creates a sort of "Revocable Trust" which the NCUA views as insuring you for an addtl $100k per bene. I work for a credit union and I see plenty of members with much more than the minimum insurance. Cheers! For the “average” person, I suppose you could say that $100K (plus $250K, if any IRAs) would be the minimum. But there is definitely a way to garner some more insurance. Adding qualified beneficiaries (Payable on Death) creates a sort of “Revocable Trust” which the NCUA views as insuring you for an addtl $100k per bene.

I work for a credit union and I see plenty of members with much more than the minimum insurance.

Cheers!

]]> By: ToughMoneyLove http://www.fivecentnickel.com/2008/08/18/ncua-insurance-coverage-protecting-your-credit-union-deposits/comment-page-1/#comment-121621 ToughMoneyLove Mon, 18 Aug 2008 23:09:58 +0000 http://www.fivecentnickel.com/2008/08/18/ncua-insurance-coverage-protecting-your-credit-union-deposits/#comment-121621 I suppose the best news is that we rarely if ever read about a credit union defaulting or going into receivership. The FDIC, by comparison, has been quite busy and may get busier soon. I suppose the best news is that we rarely if ever read about a credit union defaulting or going into receivership. The FDIC, by comparison, has been quite busy and may get busier soon.

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