Carter288389291
Answered

How are the FDIC and NCUA similar? Select all that apply

They both regulate credit unions.

They both provide insurance for financial institutions.

They both regulate federally chartered banks.

They are both by the US government.

Answer :

sofiamichelena20
The only difference is the NCUA insures credit union deposits whereas the FDIC insures bank deposits. Other than that, the two work similarly. If a credit union should happen to fail, the NCUA will pay insured deposits to the member owning the account. The same goes for a bank.

Other Questions