Everyone is obsessed these days with the financial health of the FDIC, and rightly so. But what about its companion organization that deals with credit unions, the NCUA? Is it adequately funded? Are credit unions suffering the financial woes that banks are?

It would seem that, by being more locally confined, credit unions would have been constrained from overreaching as the bubble inflated, and therefore be safer on the way down, but I have zero data to back this up, and can’t seem to find any. Does anyone have any ideas on this? Could credit unions be a safer place to park money while the banks and the FDIC work out whatever coming to Jesus they’re going to have?