Final answer:
Laura's deposit at First State Bank would not be covered by NCUA as it insures deposits at credit unions, not banks. Her deposit up to $250,000 would be covered by the FDIC, which protects depositors at banks.
Step-by-step explanation:
If Laura decides to open an account at First State Bank, will her deposit up to $250,000 be covered by NCUA? The answer is No. The National Credit Union Administration or NCUA provides insurance for credit unions, not banks. What does protect her deposit is the Federal Deposit Insurance Corporation or FDIC. The FDIC ensures that if a bank goes bankrupt, depositors will be guaranteed up to $250,000 per account. Bank examiners from the FDIC regularly evaluate the financial health of banks to manage risks. It's important to note that the deposit insurance limit was raised from $100,000 to $250,000 in 2008, offering greater protection for individual depositors.