Ramses Delgado, Banking Moderator
@ramses_delgado1
Yes, the USALLIANCE Financial CDs are safe. Because USALLIANCE Financial is a member of the National Credit Union Administration (NCUA), your deposits are protected up to $250,000 per depositor for each qualifying account ownership category.
USALLIANCE Financial's insurance coverage starts automatically as soon as you open an account with them. It's important to note that NCUA insurance covers traditional deposit accounts and does not insure investment products like stocks, bonds, mutual funds, annuities, or life insurance policies.
If you have amounts exceeding the standard insurance limit, there are strategies to maximize your NCUA coverage, such as opening accounts in different ownership categories or adding beneficiaries to your accounts. Rest assured, within the NCUA limits, your money is safe with USALLIANCE Financial.
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