I’m a computers guy, the whole rigged financial system makes my head hurt. Anyone kind enough to explain why a credit union would or would not be a better place for my cash right now?
Trying to decide whether to move money to something else, pay off land debt, or just buy a bunch of silver.
Banks make risky plays and over leverage because they are for profit.
Credit unions only invest what is necessary to run business, and generally claim the costs back from the members it serves.
Bank runs don't happen at credit unions because the money is all there, or if it's loaned out, it's loaned to other members of the credit union, ie, your neighbors.
We've been in a local credit union for years now. We don't have extra cash for gold/silver, as cancer treatments pretty much wiped out our savings and my husband's job is very iffy. Working 3 days a week 2-3 weeks a month. Off 17 weeks from end of 22 thru Feb 23. We have several kids. Thankfully we do have the garden, I've started my meat birds, we raise hogs usually, and adding more fruit trees this year. No mortgage or payments.
In other words- run on the banks now, while you still can, before the truth hits the normies.
You got that right fren!!!!!
Amazing timing.
On Saturday, I just closed my Bank of America accounts that I've had since 1991. Glad I moved the direct deposit over several weeks ago.
I did the same thing on Friday with US Bank. Been with that institution since 1984, rode through several buyouts along the way. Credit union now.
I did the exact same thing been with BOA since -1989.
What about just move to credit union?
I’m curious about this as well.
I’m a computers guy, the whole rigged financial system makes my head hurt. Anyone kind enough to explain why a credit union would or would not be a better place for my cash right now?
Trying to decide whether to move money to something else, pay off land debt, or just buy a bunch of silver.
Credit union is not FDIC.
Credit union is non profit and only allowed to make enough money to cover operating expenses.
Which isn't exactly an answer to MahaYoshi's question.
It is unless...
But ok.
Banks make risky plays and over leverage because they are for profit.
Credit unions only invest what is necessary to run business, and generally claim the costs back from the members it serves.
Bank runs don't happen at credit unions because the money is all there, or if it's loaned out, it's loaned to other members of the credit union, ie, your neighbors.
MTG tweets: https://twitter.com/RepMTG/status/1635073325369024512?
Dan Bishop: https://twitter.com/RepDanBishop/status/1635062316386627584?
Anyone see anymore tweets?
https://twitter.com/RepMTG/status/1635084484784672769?
Name of the Democrat who asked this? Name, please!
Chuck U Schumer??
Wouldn't surprise me.
Chuck you too!
Wonder if zelensky was the one who pulled the $40 bil out of svb because congress wasn't sending him more.
Bwahahaha !!!
Lots of brainwashed commie in their.
Or bots,their is no real difference.
Does anyone find it unusual that the CFO of Lehman brothers who was involved in the 2008 collapse is an exec at Silicon Valley Bank?
Sauce: https://www.foxbusiness.com/economy/silicon-valley-bank-exec-was-lehman-brothers-cfo-prior-to-2008-collapse
We've been in a local credit union for years now. We don't have extra cash for gold/silver, as cancer treatments pretty much wiped out our savings and my husband's job is very iffy. Working 3 days a week 2-3 weeks a month. Off 17 weeks from end of 22 thru Feb 23. We have several kids. Thankfully we do have the garden, I've started my meat birds, we raise hogs usually, and adding more fruit trees this year. No mortgage or payments.