[UncleOxidant]

> It might be more stable for the sheer fact of being very local

Being very local (and concentrated on one sector) didn't help SVB. Most credit unions require (or used to) you to be in some industry or union, etc to join. Like teacher's credit unions, etc. So potentially there would be sector exposure. But I think in recent years most CUs have relaxed those requirements (I know the one I'm in did) and allow pretty much anyone to join.

[Scoundreller]

Usually the key words you're looking for here are "open-bond" (open to all, but sometimes still geographical restrictions) vs. "closed-bond" (ethnicity, occupation, religion)