The answer is - very safe. ๐๐ผ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ฒ๐ฟ ๐๐ฟ๐ฒ๐๐ ๐๐๐บ๐ฎ๐ ๐ถ๐ป๐๐ฒ๐ฟ๐๐ถ๐ฒ๐๐ฒ๐ฑ ๐บ๐ฒ for this article:
Mark Treichel, who spent 33 years at the NCUA and served as executive director of the agency, points out the recent bank runs have been driven by uninsured deposits, and it is "๐๐๐ฏ๐๐๐ฎ๐ป๐๐ถ๐ฎ๐น๐น๐ ๐น๐ฒ๐๐ ๐น๐ถ๐ธ๐ฒ๐น๐" for that to happen to a credit union.
๐ง๐ฟ๐ฒ๐ถ๐ฐ๐ต๐ฒ๐น, ๐๐ต๐ผ ๐ป๐ผ๐ ๐ฎ๐๐๐ถ๐๐๐ ๐ฐ๐ฟ๐ฒ๐ฑ๐ถ๐ ๐๐ป๐ถ๐ผ๐ป๐ ๐๐ถ๐๐ต ๐๐ต๐ฒ ๐ก๐๐จ๐ ๐๐ถ๐ฎ ๐ต๐ถ๐ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐, ๐๐ฟ๐ฒ๐ฑ๐ถ๐ ๐จ๐ป๐ถ๐ผ๐ป ๐๐ ๐ฎ๐บ ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐, ๐ฝ๐ผ๐ถ๐ป๐๐ ๐ผ๐๐ ๐๐ต๐ฎ๐ ๐๐ต๐ฒ ๐ฏ๐ฎ๐ป๐ธ๐ ๐๐ต๐ฎ๐ ๐ต๐ฎ๐๐ฒ ๐ณ๐ฎ๐ถ๐น๐ฒ๐ฑ ๐ฟ๐ฒ๐ฐ๐ฒ๐ป๐๐น๐ โ ๐ป๐ฎ๐บ๐ฒ๐น๐ ๐ฆ๐ฉ๐, ๐ฆ๐ถ๐ด๐ป๐ฎ๐๐๐ฟ๐ฒ ๐ฎ๐ป๐ฑ ๐ฆ๐ถ๐น๐๐ฒ๐ฟ๐ด๐ฎ๐๐ฒ โ ๐ฎ๐น๐น ๐ต๐ฒ๐น๐ฑ ๐ฎ ๐น๐ฎ๐ฟ๐ด๐ฒ ๐ฝ๐ฒ๐ฟ๐ฐ๐ฒ๐ป๐๐ฎ๐ด๐ฒ ๐ผ๐ณ ๐๐ป๐ถ๐ป๐๐๐ฟ๐ฒ๐ฑ ๐ฑ๐ฒ๐ฝ๐ผ๐๐ถ๐๐, ๐๐ถ๐๐ต ๐ฆ๐ฉ๐'๐ ๐๐ป๐ถ๐ป๐๐๐ฟ๐ฒ๐ฑ ๐ฑ๐ฒ๐ฝ๐ผ๐๐ถ๐๐ ๐๐ฝ๐๐ฎ๐ฟ๐ฑ๐ ๐ผ๐ณ ๐ฎ ๐๐ต๐ผ๐ฝ๐ฝ๐ถ๐ป๐ด ๐ต๐ฌ%.
However, credit unions are much less likely than banks to have that problem, given that they cater to working people and their depositors are largely individuals whose accounts are lower than $250,000.
Treichel says data shows that the largest 800-or-so banks in the U.S. have an average of roughly 36% of their deposits uninsured. However, even the largest credit unions with more than a billion dollars in assets only have around 9% of their deposits uninsured.
๐ช๐ต๐ฎ๐ ๐ ๐ฎ๐น๐๐ผ ๐๐ฎ๐ถ๐ฑ ๐ฏ๐๐ ๐ฑ๐ถ๐ฑ๐ป'๐ ๐บ๐ฎ๐ธ๐ฒ ๐๐ต๐ฒ ๐ฐ๐๐ ๐ถ๐ ๐๐ต๐ฎ๐ ๐ฎ๐ฌ% ๐ผ๐ณ ๐น๐ฎ๐ฟ๐ด๐ฒ ๐ฏ๐ฎ๐ป๐ธ๐ ๐ต๐ฎ๐๐ฒ ๐บ๐ผ๐ฟ๐ฒ ๐๐ต๐ฎ๐ป ๐ฑ๐ฌ% ๐ผ๐ณ ๐ฑ๐ฒ๐ฝ๐ผ๐๐ถ๐๐ ๐๐ป๐ถ๐ป๐๐๐ฟ๐ฒ๐ฑ. ๐ญ๐๐ฅ๐ข ๐ป๐ฎ๐๐๐ฟ๐ฎ๐น ๐ฝ๐ฒ๐ฟ๐๐ผ๐ป ๐ฐ๐ฟ๐ฒ๐ฑ๐ถ๐ ๐๐ป๐ถ๐ผ๐ป๐ ๐ฎ๐ฟ๐ฒ ๐ฎ๐ฏ๐ผ๐๐ฒ ๐ฑ๐ฌ% ๐ฎ๐ ๐ผ๐ณ ๐๐ฒ๐ฎ๐ฟ ๐ฒ๐ป๐ฑ.
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