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What will happen if your bank runs into trouble?

If you’re lucky, you might miss out on promised interest income, suffer lengthy delays in getting your money back or lose access to lines of credit.

But if you or your mutual fund own shares in the bank’s stocks or bonds ā€” or if you have uninsured deposits not covered by the FDIC ā€” you could lose everything.

And this could happen even if it’s bailed out or taken over by the FDIC.

For more info @OpCashBack

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3 responses

  1. there is soooo much info out there that people dont know who speeks the truth

    1. The info here is pretty straight forward and anyone needing anything can ask, or just call a credit union šŸ™‚

  2. please add also swiss credit unions: find them on wikipedia under:
    https://de.wikipedia.org/wiki/Kategorie:Genossenschaftsbank_%28Schweiz%29

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