SecondCor521
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Hi all,
I have what I believe is a straightforward question that I think I know the answer to. One other person (at the credit union involved) has given me the same answer. However, I would like to have reassurance from my smart friends on this board that I know the correct answer.
Scenario:
An individual adult opens an savings account at a credit union that is covered under NCUA insurance. A few weeks later, the individual adult adds each of his three children as POD beneficiaries to the savings account.
Question:
After the credit union adds the three beneficiaries to the account, to what amount is the account now insured under NCUA?
2Cor521
I have what I believe is a straightforward question that I think I know the answer to. One other person (at the credit union involved) has given me the same answer. However, I would like to have reassurance from my smart friends on this board that I know the correct answer.
Scenario:
An individual adult opens an savings account at a credit union that is covered under NCUA insurance. A few weeks later, the individual adult adds each of his three children as POD beneficiaries to the savings account.
Question:
After the credit union adds the three beneficiaries to the account, to what amount is the account now insured under NCUA?
2Cor521