[pdonis]

FDIC insurance just means that, if a bank fails, the government will make depositors whole up to a certain amount--printing the money to do so if necessary. NCUA provides exactly the same guarantee to credit union depositors. I see no reason to be any less confident in the NCUA guarantee than the FDIC guarantee; ultimately both are subject to the same risk, that the government will not be politically capable of either raising or printing enough money to make depositors whole in the event of a major financial crash.