NCUA Insurance
The credit union equivalent of FDIC insurance: a federal guarantee from the National Credit Union Administration that protects member share accounts up to $250,000.
NCUA insurance is the credit-union equivalent of FDIC insurance. It is provided by the National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, and it protects member share accounts (the credit-union term for deposit accounts) up to $250,000 per member, per ownership category, at federally insured credit unions.
Functionally, NCUA insurance provides the same level of protection as FDIC insurance: it is backed by the full faith and credit of the U.S. government. The only practical difference is the institution type — credit unions are member-owned not-for-profit cooperatives, banks are for-profit corporations.
You can verify any credit union's NCUA status using the NCUA Credit Union Locator on the NCUA's official website.