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This provides deposit insurance for credit unions in much the same way as the FDIC provides insurance for banks. Look for the NCUA logo at your credit union's teller stations. The standard maximum limit is $250,000 per individual account holder, per federally insured credit union. (To check on whether your credit union accounts are fully covered, use NCUSIF's coverage estimator at http://webapps.ncua.gov/ins.)
The type of accounts that can be FDIC-insured include negotiable order of withdrawal (NOW), checking, savings and money market deposit accounts, as well as Certificate of Deposits (CD). The maximum amount that is insured in a qualified account is $250,000 per depositor, member institution.