[quote=meadandale][quote=TheBreeze]I’m kind of surprised SDCCU is still around as I figured them for making all kinds of bad loans during the bubble. [/quote]
Credit Unions are generally VERY conservative with their money. For years, SDCCU wouldn’t even approve me for a car loan and their mortgage rates are generally higher than other sources.
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For the most part, I don’t think credit unions did the overlending that banks did. Also, credit unions, I believe don’t qualify for tarp (though I stand to be corrected on that)…..Not that credit unions aren’t trying to get tarp funding….
“TARP is a highly controversial issue among credit unions. The legislation that set up TARP last year included credit unions as eligible institutions, but as implemented by the U.S. Treasury Department to date, credit unions have not been included.”
Anyone want to take a guess at the funding situation for NCUA?
