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In this solo episode, Mark Treichel breaks down a hot topic out of Washington: a Senate proposal to raise FDIC deposit insurance coverage from $250,000 to $10 million. Backed by Treasury Secretary Scott Bessent and Senator Elizabeth Warren, the idea is gaining traction — but what would it mean for credit unions?

Mark explores:

• Why big banks are fighting the proposal — and why they might have a point
• How a $10 million FDIC cap could drain the National Credit Union Share Insurance Fund (NCUSIF)
• The political ripple effects for NCUA premiums and restoration plans
• Why credit unions risk losing business accounts if insurance coverage doesn’t keep pace with banks
• Alternatives, like inflation-based adjustments, that could make more sense than a massive jump

In the end, Mark explains why raising the cap might look like protection, but could really be lipstick on a pig for credit unions and their members.