One of the largest benefits to adding a payable on death (POD) beneficiary to your account with First Choice FCU is that it increases your insurance coverage by $250,000!
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Is a credit union FDIC insured like a bank?
All financial institutions are insured by the government. But the insuring bodies for a credit union are slightly different than that of a bank. We’ll cover the FDIC, NCUA, credit union insurance and the safety of your money with a credit union.
What is the difference between a credit union and a bank?
Credit unions and banks have many differences, and some terrific similarities that you should note.