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Is there an easy way to keep an eye on the health of whatever bank you use? I use a local credit union so it doesn't exactly make headlines.
by causality0 3y ago
Is there an easy way to keep an eye on the health of whatever bank you use? I use a local credit union so it doesn't exactly make headlines.
- Scoundreller 3y agoRead the balance sheets and income statements. Every credit union will publish them. And as you own shares, you can pose questions to their investor relations and ask questions at their AGM.
- DonsDiscountGas 3y agoIf you're under the FDIC limit, do you really need to? Worst thing that happens is you can't access your account over a weekend. If you're over, there are services which spread deposits across banks, eg https://www.wintrust.com/business-solutions/mid-market/banking/maxsafe.html https://www.wintrust.com/business-solutions/mid-market/banki....