What are the chances of loosing your money in BECU savings account. Is there ins. to protect my investment??

Question

In a downturn of the economy am I guarenteed my money back if the credit union goes under?

Answer 1

The chance of losing your money in a BECU savings account is just about 0.

Yes, you are covered by insurance. It is through the NCUA. They provide $100,000 of coverage.

Answer 2

BECU is protected under the National Credit Union Administration (NCUA).

It is the FDIC equivalent but covers federally chartered credit unions only.

link for more info

http://www.ncua.gov/ShareInsurance/index...