is your bank safe?

[JAS]

Washington Mutual was just rated down to BB rating. If a bank fails, I know the FDIC will insure against it up to $100k. With the way the gov’t has handled other problems (like FEMA), I could see delays, errors, or headaches if your bank does go under. Eventually it will get worked out, but I’d rather not have to deal with that.

So if there are banks that are well capitalized or “safe” — or perhaps safer than others, I was wondering which they were.

[bsrsharma]

I could see delays, errors, or headaches if your bank does go under

I don't think so; In the late '80s and early '90s, during S & L meltdown, FDIC was extremely efficient and punctual in paying depositors.

[bsrsharma]

I could see delays, errors, or headaches if your bank does go under

I don't think so; In the late '80s and early '90s, during S & L meltdown, FDIC was extremely efficient and punctual in paying depositors.

[bsrsharma]

I could see delays, errors, or headaches if your bank does go under

I don't think so; In the late '80s and early '90s, during S & L meltdown, FDIC was extremely efficient and punctual in paying depositors.

[bsrsharma]

I could see delays, errors, or headaches if your bank does go under

I don't think so; In the late '80s and early '90s, during S & L meltdown, FDIC was extremely efficient and punctual in paying depositors.

[bsrsharma]

I could see delays, errors, or headaches if your bank does go under

I don't think so; In the late '80s and early '90s, during S & L meltdown, FDIC was extremely efficient and punctual in paying depositors.

[afx114]

How about NCUA for credit unions? Does it differ much from FDIC? Do credit unions generally have cleaner books than banks?

[afx114]

How about NCUA for credit unions? Does it differ much from FDIC? Do credit unions generally have cleaner books than banks?

[afx114]

How about NCUA for credit unions? Does it differ much from FDIC? Do credit unions generally have cleaner books than banks?

[afx114]

How about NCUA for credit unions? Does it differ much from FDIC? Do credit unions generally have cleaner books than banks?

[afx114]

How about NCUA for credit unions? Does it differ much from FDIC? Do credit unions generally have cleaner books than banks?

[bsrsharma]

I am not aware of any mass failure of Credit Unions. My personal opinion is they are more cautious and don’t get into speculative/risky lending. So, I view them favorably compared to banks.

For a specific Credit Union, you should lookup at

http://www.bankrate.com/brm/safesound/brm_explain.asp

for Safe & Sound and CAEL (Capitalization, Asset quality, Earnings and Liquidity) ratings.

[bsrsharma]

I am not aware of any mass failure of Credit Unions. My personal opinion is they are more cautious and don’t get into speculative/risky lending. So, I view them favorably compared to banks.

For a specific Credit Union, you should lookup at

http://www.bankrate.com/brm/safesound/brm_explain.asp

for Safe & Sound and CAEL (Capitalization, Asset quality, Earnings and Liquidity) ratings.

[bsrsharma]

I am not aware of any mass failure of Credit Unions. My personal opinion is they are more cautious and don’t get into speculative/risky lending. So, I view them favorably compared to banks.

For a specific Credit Union, you should lookup at

http://www.bankrate.com/brm/safesound/brm_explain.asp

for Safe & Sound and CAEL (Capitalization, Asset quality, Earnings and Liquidity) ratings.

[bsrsharma]

I am not aware of any mass failure of Credit Unions. My personal opinion is they are more cautious and don’t get into speculative/risky lending. So, I view them favorably compared to banks.

For a specific Credit Union, you should lookup at

http://www.bankrate.com/brm/safesound/brm_explain.asp

for Safe & Sound and CAEL (Capitalization, Asset quality, Earnings and Liquidity) ratings.

[Author]

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