No banks. Go as local as you possibly can. But are credit unions really that much better? Me thinks they are swimming in the same pool as banks are. Time will tell
My understanding is that they (credit unions) aren't drowning in derivatives like regular banks are, so less risky. Mine is insured by something other than FDIC. But, they might be bound by the same regulations as banks. I'm fairly ignorant about these things.
No banks. Go as local as you possibly can. But are credit unions really that much better? Me thinks they are swimming in the same pool as banks are. Time will tell
My understanding is that they (credit unions) aren't drowning in derivatives like regular banks are, so less risky. Mine is insured by something other than FDIC. But, they might be bound by the same regulations as banks. I'm fairly ignorant about these things.