Yes. Money in a People Driven Credit Union Money Market Savings Account is federally insured by the National Credit Union Administration, or NCUA, to at least $250,000 per member, per ownership category.
How NCUA insurance helps protect you
NCUA insurance protects eligible deposits at federally insured credit unions. Coverage limits apply by ownership category, so your total protection may vary depending on how your accounts are structured.
What to keep in mind
A Money Market Savings Account can offer both savings growth and deposit protection, but it is still a good idea to review your account ownership and total balances if you want to understand your full insurance coverage.
If you have questions about your Money Market Savings Account or your coverage, call 844-700-7328 during business hours.
