Credit Unions vs. Banks?

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• JSK0

  Btw credit unions are part of bigger banking system. They sell off their loans to bigger banks who sell them off to investment banks.

  While they do nor have risky investments such as high risk loans including mortgage backed securities as much, they are at high risk due to higher failure rate of small to medium size business.

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  • Deposits are still covered by the equivalent of the FDIC...the National Credit Union Assoc.Kiino
  • Indeed. If you have less than 250k, you don't need to worry where ever you goJSK

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