TODAY ONLY - 4x your impact with a Giving Tuesday match! MATCH MY GIFT
Ask Money

Federal credit unions

Chris Farrell Sep 24, 2008

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.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.

Biggest. Match. Ever.

For Giving Tuesday, the Kendeda Fund is matching all donations 3-to-1.

Don’t wait: this special match is TODAY ONLY!