NCUA and FDIC Insured Accounts at Failed Banks and Credit Unions

The federal government administers insurance funds responsible for protecting depositors from losses when banks fail. More than 1,400 banks and 700 savings and loans closed between 1982 and 1992. Five hundred banks failed during the great recession of 2008 including the largest ever, Washington Mutual (WaMu) – with $182 billion in deposits. Did you have an… Click Here to Read More