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Moving Money from Banks to Credit Unions?

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  • Mon, Jan 26, 2009 - 03:57pm

    #1

    Rob Z

    Status Bronze Member (Offline)

    Joined: Nov 30 2008

    Posts: 27

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    Moving Money from Banks to Credit Unions?

I have a $15K USD Cash reserve at my bank (JP Morgan Chase). We havn’t heard much about them, good or bad, but would it be a good idea to put some of that in my local Credit Union (Teachers Credit Union)? Are CU’s a better place to be if the Banks crash? I don’t want that much cash in my home unless its absolutely necessary.  

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