How To Tell If your Bank is FDIC or NCUA Insured

With the Recent failure of IndyMac, many consumers are getting skittish. I’m seeing many people ask in the FatWallet Finance Forum - How do I know if my bank or credit union is insured?

The FDIC Has a guide called “Are My Investments Insured?” The Basic Gist of it is that the insurance covers up to $100,000 per depositor, per bank. It’s not per each account you may have at your bank, but all the money under your name at that bank.

Credit Unions are covered under the NCUA, which has an excellent guide on Share Insurance, which the Credit Union version of deposit insurance.