Answered

If your money is in a credit union and it is robbed, there is no insurance to help you get that money back.

A. True
B. False



Answer :

GinnyAnswer

Final answer:

Credit union deposits are insured up to [tex]$250,000 per account by the National Credit Union Administration (NCUA), providing protection in case of robbery.


Explanation:

False: If your money is in a credit union and it is robbed, there is insurance to help you get that money back. Credit union deposits are insured up to $[/tex]250,000 per account by the National Credit Union Administration (NCUA), similar to how the Federal Deposit Insurance Corporation (FDIC) protects bank deposits.


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