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by andrepd 1193 days ago
I remember reading credit unions were significantly less likely to go bankrupt than banks during the 2008 meltdown. In fact:

> From 2008 through 2012, 481 FDIC insured banks were either liquidated or merged with healthier institutions. Credit unions, on the other hand, saw 136 involuntary liquidations or assisted mergers at the hands of the National Credit Union Share Insurance Fund (their version of the FDIC), among 6,940 FDIC institutions compared to 6,815 U.S. credit unions.