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We are in the midst of a Major League Silent Bank Run on Bank Deposits as money flows to Money Market funds – more bank failures likely in 2024
Citizen Watch Report ^
Posted on 12/11/2023 12:00:57 PM PST by davikkm
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To: woweeitsme
I don’t mean to sound like a moron, but how does this affect credit unions? I have checking/savings/car loan through the credit union... Are Credit Unions FDIC Insured?
https://www.forbes.com/advisor/banking/are-credit-unions-fdic-insured/
21
posted on
12/11/2023 7:24:00 PM PST
by
IncPen
("Inside of every progressive is a Totalitarian screaming to get out" ~ David Horowitz)
To: davikkm
My credit union is emailing me every week on credit lines (unused) that interest rates have been updated. However deposit rates are still at 0.45% for savings and 0.00% for savings. They might as well say we don’t need deposits.
22
posted on
12/11/2023 8:13:50 PM PST
by
wgmalabama
(Censored - some people are just crazy and can’t be reasoned with in a normal manner.)
To: IncPen
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