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This provides deposit insurance for credit unions in much the same way as the FDIC provides insurance for banks. Look for the NCUA logo at your credit union's teller stations. The standard maximum limit is $250,000 per individual account holder, per federally insured credit union. (To check on whether your credit union accounts are fully covered, use NCUSIF's coverage estimator at http://webapps.ncua.gov/ins.)
Re: What's your highest Credit Card limit? Amex maxes at $25k for most users, beyond that takes a good bit of extra scrutiny. Many credit unions will go to $50k. There really isn't a max credit limit for a person but each lender determines what there maximum exposure to an individual is.