I don't think much of this is true. While corporate credit unions did participate in TARP[0], for example, that's not the common perception. Not only were they

I don't think much of this is true. While corporate credit unions did participate in TARP[0], for example, that's not the common perception. Not only were they primarily corporate credit unions rather than consumer credit unions, far fewer of them participated in the program than banks: around 20% as many. For people, credit union accounts are federally insured just like bank accounts are, but credit unions are typically much more resilient than banks given the additional restrictions on how much leverage they can engage in. They close less often than banks, and also seem to be more likely to merge than close[1], contrary to your claim. You're welcome to keep banking elsewhere, but it's all credit unions for me and my extended family. 0. https://thefinancialbrand.com/news/bank-culture/tarp-on-credit-unions-3848/ https://thefinancialbrand.com/news/bank-culture/tarp-on-cred... 1. https://www.bankrate.com/banking/credit-unions/list-of-failed-credit-unions/ https://www.bankrate.com/banking/credit-unions/list-of-faile...