No. With a Money Market account, your funds are as secure as they are with any other type of savings account. In fact, they are federally insured to at least $250,000 by the National Credit Union Administration and an additional $250,000 through the Excess Share Insurance Corp (ESI). Money Market accounts have nothing to do with the stock market.
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Federal lawmakers are discussing the elimination of the credit union federal income tax status, which would put the benefits we return to you at risk.
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