Ask Terry Questions Credit Unions CD,s

Credit Unions CD,s

By Terry Savage on July 17, 2026 | Chicken Money

Hi , a Mokena Illinois Credit Union has a very good interest rate on CD,s.
Are credit unions reliable banks ?

Terry Says

Yes, just make sure that your credit union is Federally insured by the National Credit Union Administration (NCUA), which protects deposits up to $250,000 per individual depositor. This insurance is backed by the full faith and credit of the U.S. government, ensuring that your funds are safe in federally insured credit unions. Not all are NCUA insured.

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