WASHINGTON, Sept. 29 /PRNewswire-USNewswire/ -- The Credit Union National Association (CUNA) -- the national association of credit unions -- is reminding all editors, reporters, columnists and commentators to remember -- credit unions also have federal savings insurance.

"Virtually all credit unions have federal savings insurance," said CUNA President and CEO Dan Mica.

Mica added that credit unions are solid, well capitalized and continue to lend responsibly.

"Unfortunately, there have been some instances in which stories and broadcasts have only mentioned federal insurance for banks when discussing safety of money," Mica said. "That's not the whole story. Credit unions also have federal insurance. Both credit unions and banks remain safe places for consumers to save their money."

Savings in credit unions are protected by the National Credit Union Administration (NCUA), a U.S. government agency, to at least $100,000. Credit unions are not-for-profit cooperatives, owned and run for the benefit of their consumer-members.

For more information about credit unions, see the "America's Credit Unions" website at http://www.creditunion.coop/.

For more about federal savings insurance at credit unions by the NCUA, see www.ncua.gov. To calculate your insurance coverage at a credit union, see http://webapps.ncua.gov/ins.

Source: Credit Union National Association

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