Is Sunmark FDIC insured?
Sunmark Credit Union deposits are fully protected, though they are insured by the National Credit Union Share Insurance Fund rather than the Federal Deposit Insurance Corporation, which traditionally covers commercial banks. Administered by an independent agency of the United States government, this federal insurance safeguards eligible member savings accounts, checking accounts, and share certificates up to statutory statutory limits, providing the exact same level of security as commercial bank insurance.
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Sunmark Credit Union operates as a state-chartered financial institution rather than a federal credit union.
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