How safe are credit unions?

Answer On One Hand: Less Vulnerable Than Banks to Market SwingsCredit unions are less vulnerable to market swings than banks, according to They also were not involved in the subprime lending... Read More »

Top Q&A For: How safe are credit unions

Are credit unions safe?

On One Hand: Just as SafeCredit unions are as safe as any bank, according to Gerri Willis, host of CNN's "Your Bottom Line." Like bank accounts, credit union accounts are federally insured, only by... 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 »

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 »

How do credit unions work?

Credit unions provide an alternative to other banking and lending institutions. According to the Credit Union National Association, there are more than 8,000 credit unions in the United States.Sign... Read More »