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.
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.