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Federal credit unions

Question: On last Friday's show it was stated something to the effect: "congress will never let the FDIC run out of funds". What about the NCUSIF? PLEASE WITHHOLD MY NAME, Scotia, NY

Answer: Technically, the FDIC could run out of money. But I don't believe the Treasury or Congress would let that happen. The same holds with the NCUSIF (National Credit Union Share Insurance Fund), the federal insurance guarantee for federal credit unions.

About the author

Christopher Farrell is economics editor of Marketplace Money, a nationally syndicated one-hour weekly personal finance show produced by American Public Media.