I am in a small town in Nebraska. I will be headed to the bank when it opens in about an hour. I am curious to know if this sleepy town is aware... and, perhaps those who might be doing the same thing as me are fellow Anons...
I will report later.
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Look at the big banks like Wells Fargo
re: Wells Fargo -- I am in a rural area so I tend to only drive to "town" once a week max, because it's a long way, so probably won't be checking status today, will update when i do, but some things I noticed:
about 2 months ago the drive-up atm was black, lights out, no workie, no signs, no nothing...
tried again the following week and the atm was working, but the regular drive thru had a new sign in the window stating that it was permanently closed....
I pulled over 90% of my money out of WF and put it in a credit union over a year ago, WF is my throw-away big bank account.
Just please understand: almost no bank/credit union is safe right now. When you deposit money, they need to do something with it. They have to either make a loan or buy a treasury. Anything that pays interest above what they pay you.
Unfortunately, when the Fed started raising interest rates like a drunken sailor, the value of all those assets purchased during the low interest period tanked below the deposit value. Every bank became insolvent if marked to market. If they get a sufficient volume of customers withdrawing their money to the point they are forced to sell those assets before maturity, they are going to take a loss.
It doesn't matter how conservative or well managed your credit union is. ALL banks are underwater and at risk of a bank run right now because of the Fed's ill advised policy to raise interest rates at hyperspeed.
Make absolutely certain to keep all deposits in all banks under the $250K insured limit. And pray that the FDIC doesn't go broke before your bank/credit union does.
My personal opinion is that nothing other than cash under the mattress is safe at the moment.
Smart Wf is asshoe.