Is my money any safer in a credit union than a regular bank given the current economic problems?
AHG asked:
My husband and I have accounts in “regular” banks and a credit union. Is my credit union a safer place for money now than the regular banks given the bankruptcies and buyouts of those banks?
Rachel
My husband and I have accounts in “regular” banks and a credit union. Is my credit union a safer place for money now than the regular banks given the bankruptcies and buyouts of those banks?
Rachel
Str8 Shooter Said,
February 13, 2009 @ 12:55 am
The bank is member of fdic you should be ok with amounts up to 100000.
patrick Said,
February 13, 2009 @ 10:07 am
Both accounts are insured by the Federal Government to $100k.
you are equally as safe in either.
Mel M Said,
February 13, 2009 @ 5:35 pm
Money for credit union administration ncua insures banks and federally insured which earns spread that is it may be credit union you want to someone in this helps good luck.