How does the stock market crash affect credit unions?

Answer As non-profit cooperatives, credit unions are owned by their depositor members, not by shareholder investors. They don't operate to create profits, so they can lend money at lower rates and pay hig... Read More »

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What was the biggest stock market crash in U.S. history?

The largest one-day crash in United States stock market history was Oct. 19, 1987. The market lost 508.32 points, 22.6 percent or around $500 billion on that day.References:Investopedia: Market Cra... Read More »

Are money market accounts at credit unions safe?

Money market accounts at credit unions are safe if they meet certain criteria. If the credit union has NCUA (National Credit Union Administration) insurance--the equivalent of FDIC insurance for cr... Read More »

What happened leading up to the stock market crash of 1929?

Covered this here. See links:;…It definitely would not be A or B. Those could be the affect post and during a recession, and as a result of the Great Depres... Read More »

What Is the Difference Between Regular Credit Unions & Federally Backed Credit Unions?

Credit unions are chartered by either state governments or the federal government. When people refer to a "regular" credit union, it is generally a state-chartered institution and does not have the... Read More »