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Gary Zimmerman, MaxMyInterest - SVB, FDIC, & Improving ROI on Cash | #471

The Meb Faber Show - Better Investing

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Is SIPC Coverage Equal to FDIC?

SIPC coverage is designed to prevent against co-mingling and theft and fraud. It doesn't provide any insurance on the underlying securities. Credit unions are protected by NCUA, which is basically the credit union equivalent of the FDIC for all intent and purpose. You should feel perfectly safe with your money at a credit union as long as you're below the limits.

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