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Why are the FDIC and NCUA important?

User LordAro
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Answer:

The NCUA was created by Congress in 1970 to regulate federal credit unions and insure deposits at all federally insured credit unions. It's like the FDIC, but for credit unions instead of banks. The NCUA insures up to $250,000 of deposited money as safe in the event of a federally insured credit union going under

Step-by-step explanation:

User Trees
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