does anyone here know how to interpret a "UBPR call report" from a bank to determine its asset and risk model? these reports are 50-60 pages of mumbo jumbo for my local banks. a recent article I read from some "expert" suggests that the real risk and collapse is likely to be with "derivatives", so if true it would seem to follow to avoid banks leveraged too heavily, if at all, in these derivatives
admittedly a neophyte when it comes to this type of stuff and just looking to make a smart move with significant enough funds as part of my peaceful protest against the cabal and big banks by moving money to local banks :)
Why take a chance. Credit unions are much safer. They were set up 100+ years ago when the people figured out the banks were all criminal. Your money in your acc. Is the ownership share. Depositors own them 100%.
You want the small/ community based credit union. Some of the larger CUs are tied up w the system.
Truth research is still the key. I like and trust my local credit union.