Modules 108-110 Review Part 3

Match it! Select the correct answer from the pull down...Good luck!

A credit union is operated on a for-profit basis.

Both the Federal Deposit Insurance Corporation and the National Credit Union Share Insurance Fund insure deposits up to $250,000.

People must purchase one share of a commercial bank before they can become customers.

The insurance coverage for a failed bank is up to $250,000 per depositor.

Over 25% of U.S. households surveyed by the FDIC are either unbanked or underbanked.

The Federal Deposit Insurance Corporation insures credit union deposits if the credit union fails.

Deposits at federally chartered credit unions and state chartered credit unions are always insured by the same federal agency.

Savings accounts are offered at both a credit union and at a bank.