Credit Unions vs Banks
I’m a new enrolled member, but I have “lurked” at the site for some time now. I’m pretty sure this topic has come up before but I can’t find it – so here goes.
I’m interested in any opinions out there about the relative safety of credit unions vs banks. I happen to employ credit unions exclusively for checking/saving/credit accounts.
P.S. I realize that this distinction has nothing to do with the underlying value of the paper assets therein. Just a question of solvency.
intersting topic.. can u elaborate it more so i can help you
I also find no clear views about this subject on this site, and very few elsewhere. Don’t understand why, as we’re all concerned about the safety of our money, and here, the return of our money, not just the return on our money. I just read the following article which favors credit unions over banks: https://popularresistance.org/depositors-not-taxpayers-will-take-the-hit-for-next-2008-crash-because-major-banks-may-use-bail-in-system/.
I’m also interested in views on the safety of money in brokerage accounts, such as fidelity, vanguard and schwab.