What is the National Foundation for Credit Counseling?

The National Credit Union Insurance Fund is the United States fund that protects the savings deposits of all federal credit unions and most state credit unions. Beginning in 1970. The maximum insurance amount for each general account is $ 100,000, and the maximum insurance amount for retirement accounts is $ 250,000. Credit unions registered in the state can voluntarily join the fund insurance, and credit unions that have not joined the fund insurance are covered by the state insurance agency. ^[1]