 This is Kevin Zivna, co-host of Dollars and Common Sense, with your financial planning tip. Credit union deposits are backed by federal insurance, similar to banks. The National Credit Union Administration protects deposits in the unlikely event of a credit union failure. And like banks, the coverage limit is $250,000 per account. I'm Kevin Zivna of Wealthway Financial Advisors, planning for life. Wealthway Financial Advisors, planning for life.