Loading ...You asked about credit unions. I switched from Chase to a local CU because I just didn’t want to deal with crooks any more.
I don’t know about “safety”; there is FDIC type insurance, I can’t remember the specific Federal program.
They deal in mortgages, car loans, issue credit cards and small business loans.
They do not engage in stock manipulation schemes, or falsify customer’s positions like Wells Fargo. (Why does that thing still exist?)
Just because the credit union is involved with store employees, it most probably has nothing to do with the store itself.
BECU, Boeing Employees Credit Union, has nothing to do with planes or any other Boeing endeavors.
Credit unions are not likely to have the best deposit rates, but they do have better loan rates.
I use a regional bank for CD’s.
You do realize, that if/when the “Mad Max Moment” arrives,
all institutions will crumble, and only what you have in hand or arms reach will be what you have going forward.
Which is why I’m so glad to see the PM’s on a slow creep up.
If they go truly ballistic, I think the show is either over or on, depending on your perspective.