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I only saw a couple of entries which might have been credit unions --- were they intentionally excluded? Or are they that much less likely to fail?
by WillAdams 4y ago
I only saw a couple of entries which might have been credit unions --- were they intentionally excluded? Or are they that much less likely to fail?
- herbcso 4y agoCredit Unions aren't FDIC insured, which is what this data set is using.
- everybodyknows 4y agoExcellent point. To Joe Consumer, bank vs credit union accounts are ready alternatives. Where might one find data on failures? A quick scan of this site offered no clues. https://ncua.gov/ https://ncua.gov/ Insurance blurb from NCUA: https://ncua.gov/files/publications/guides-manuals/NCUAHowYourAcctInsured.pdf https://ncua.gov/files/publications/guides-manuals/NCUAHowYo... They do have access to a high-margin business, "temporaily": https://ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/permissible-loan-interest-rate-ceiling-extended-2 https://ncua.gov/regulation-supervision/letters-credit-union... Lending at up to 18% is permitted.