Credit Unions Provide Insurance Coverage for Escrow Accounts

February 28, 2013

While the FDIC coverage on trust accounts reverted back to $250,000 after the Transaction Account Guarantee (TAG) program was not extended at the end of 2012, title professionals should note they can also get coverage on escrow accounts held at credit unions. Read on to learn how insurance coverage on escrow accounts differs from coverage provided by FDIC-insured institutions.

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