We have another credit union failure, the 5th of they year, Richmond City Employees Federal Credit Union of Richmond, Indiana. They closed on Monday.
Here is the Full NCUA list, and here is the direct link for this year.
No commercial bank failures since late 2020.
I'm inclined to think that this is a function of the fact that there is less consolidation in the credit union space than there is in the commercial banking space.
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.
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I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.
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