NCUA

If John Smith has his three sons listed as PODs on his sole owned account, what is the max amount of insurance coverage he is entitled to?
$500,000
$250,000
$1,000,000
$750,000
Which of the following is NOT covered by NCUA insurance?
Checking Accounts
Savings Account
Mutual Funds
CDs
What agency covers investment products in case a broker-dealer fails?
FDIC
SIPC
NCUA
There is none.
True or False - a POD is considered an informal revocable trust.
True
False
NCUA insurance coverage for trusts is capped at $250,000 since it is only one entity and PODs can't be added.
True
False
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