No, the Federal Deposit Insurance Corporation (FDIC) only insures deposits in banks. Credit unions have their own insurance fund, run by the National Credit Union Administration (NCUA).
See Also
How to Insure Your Money When You're Banking Over $250K - NerdWalletIs It Safe to Have All of Your Accounts at One Bank? - Experian5 banks offering 7-7.5% interest rate on savings accountsChase Bank Review 2023The National Credit Union Administration is a US government agency that regulates and supervises credit unions. They also operate and manage the National Credit Union Share Insurance Fund (NCUSIF), which provides share insurance coverage for credit union members against losses should the credit union fail. The NCUSIF provides all members of federally insured credit unions with $250,000 in coverage for their single ownership accounts.
For more information regarding NCUSIF coverage and the NCUA, please visit ncua.gov.
