Answered

If your money is in a credit union and it is robbed, there is no insurance to help you get that money back.

A. True
B. False



Answer :

GinnyAnswer

Final answer:

Credit union deposits are insured up to [tex]$250,000 per account by the National Credit Union Administration (NCUA), providing protection in case of robbery.


Explanation:

False: If your money is in a credit union and it is robbed, there is insurance to help you get that money back. Credit union deposits are insured up to $[/tex]250,000 per account by the National Credit Union Administration (NCUA), similar to how the Federal Deposit Insurance Corporation (FDIC) protects bank deposits.


Learn more about Credit Unions and Deposit Insurance here:

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