Question

Barry has $22,000 in a savings account with the Scott Credit Union. While economic conditions have caused financial institutions to struggle, Barry feels that his money is safe due to the fact that the credit union's accounts are protected by the: A. Federal Deposit Insurance Corporation (FDIC).B. Credit Union Insurance Fund (CUIF).C. National Alliance of Credit Union Underwriters (NACUU).D.National Credit Union Administration (NCUA).

Answer 1

The correct answer is letter "D": National Credit Union Administration (NCUA).

Step-by-step explanation:

The National Credit Union Administration or NCUA supervises the operations of federal credit unions across the United States of America. The main duty of the organization is to manage the National Credit Union Share Insurance Fund (NCUSIF) which insures the deposits of the federal credit unions in front of different issues that can take place.