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September 26, 2008

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tony tolbert

Now that FDIC will increase insurance on accounts to $250k will NCUA do the same for account holders? Have not seen any discussion about financial crisis impact on credit union members in the papers nor from my own credit union!
Thanks,
Tony Tolbert

Anthony Demangone

The Senate passed a bill this week that would give both banks and credit unions temporary increased coverage to $250K. The House is scheduled to vote on that today. (Today being Oct. 3, 2008).

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