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Posted in Newsletter on Apr 03, 2023
Posted in KTFCU News on Mar 16, 2023
The collapse of Silicon Valley Bank on March 10 is the second largest failure of a financial institution in U.S. history. The bank was shut down and put under the control of the FDIC following a 48-hour bank run and capital crisis. On March 12, regulators also shut down Signature Bank.
While this situation does not include any credit union failure, it may still create consumer concerns and questions at credit unions. This is an opportunity to reassure credit union members about the safety and soundness of credit union deposits, remind them of the credit union difference as member-owned financ...
Posted in KTFCU News on Mar 16, 2023
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