Seems like a good idea before there is a bank run due to various reasons. Do I have to report a withdrawal of like 5k?
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Would credit unions be more safe or nah?
I feel more safe being away from Well Fargo. And CU is backed by NCAU - National Credit Union Association and not FDIC.
Same here, our credit union is NCAU backed. They've been very reliable so far.
Key words...so far. Your money isn't growing in a bank or credit union so take it out, why take the chance?
Credit unions have better interest rates than big banks. Also you can buy CDs. But who knows what you can trust now days.
My money is growing fine, thanks.