Bob Michele (JP Morgan's CIO) on Bloomberg this morning talking about the Fed's emergency BTFP interventions & the liquidity crisis in banks.
He also specifically mentioned Truist Bank 😬
Truist Bank has over $500 billion in assets & could be on the verge of failure along with Charles Schwab
(twitter.com)
💥 BANK COLLAPSE 💥
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What if the credit unions near me only take state and/or federal employees? Where do you go then? I’ve pulled most of mine out of the small local bank. Have an account with WF because my mortgage is there.
Then keep some money to yourself and look into buying physical silver and gold. No paper silver/gold
Precious metals will spike up before crypto.
I’ve done all that already. We’ve got the majority of our cash out and stashed, purchased small amount of physical gold and a big amount of silver. I’ve been here for awhile and wondered about the credit Union thing. Saw this thread and thought I would ask
Most credit unions (at least in the northeast) only need you to reside in the same county, or have a household relative that works in that region to qualify as a member.
Some might not even require that so have a look around.
I’m in the southeast and if I had a family member who works for state/federal government we could use a credit union. Youngest son works for federal government but he’s in another state and a damn sheep to boot. No one else I can think of but we did open an account with a smaller community owned bank. They’re financing a lot of new businesses around here