Financially Secure Banks

momof2inca
Thu, 17 Jul 2008 19:31:42 +0000

Amidst the problems with banks, I never hear about credit unions being in trouble.



standrews, I think I was the one that mentioned credit unions. We have a savings and checking account in our county credit union. I don’t think they even make home loans, just car loans, so I would have a hard time believing that they have been acting with abandon or that there is any chance they will go under.

As for the comment about different banks and the difficulty of bookkeeping. I can see how for a business it might be difficult, but for a family, it’s not that bad with online access to statements, transfers, etc…

ellenmenope, I read the same article as you did this morning and almost choked on my coffee at the part about the lady being told she “can’t” deposit her Indymac cashiers check at WaMu. I said to my H “she’s being done a huge favor and she doesn’t even know it.” Not that I know anything, but it does seem that that particular bank was riding pretty high during the real estate boom… lots and lots of advertising on TV, radio, print and it seemed like they came out of nowhere. On the other hand Wells Fargo and BofA just seemed to sail the same course as always in terms of marketing/advertising. It’s just a hunch, but I would not be surprised to see WaMu on a list somewhere.