[cripplecreek]

I see trouble ahead for the credit unions. After all, they don’t want to loan money to high risk people either.

[Army Air Corps]

Indeed.

[Da Coyote]

“I see trouble ahead for the credit unions. After all, they don’t want to loan money to high risk people either.”

That’s where all of my non-invested money is. Please inform us if the Frank-N-Furter trys his sleeze on the credit unions...I’ll just have to go into gold only.

[Vaduz]

After all, they don’t want to loan money to high risk people either.
That’s a good thing they won’t end up like the housing market,they make loans to low risk people what a novel ides.
Unlike banks they are under far more regulation when it comes to loans,Ive used a credit union for over twenty yeare and not one problem.

[Buckeye McFrog]

I see trouble ahead for the credit unions. After all, they don’t want to loan money to high risk people either.

The President of my credit union has gone off on me several times about heavy-handed regulations from the Obama Administration impacting his ability to manage the place properly. He also claims they have helped themselves to assets that were used to bail out less successful banks.

I suspect if credit unions get into trouble we will see the Libs push for "public option" banks. Several states are eying the Bank of North Dakota as a model. We could even see the Postal Service getting into the business of handling savings and checking accounts, as they do in many countries in Europe. They are desperate for the additional revenue and it would give the Dems an awfully big "public option" hammer in the banking industry.

[NautiNurse]

If the numbers are accurate...

$4.5B divided by 650K customers = $ 6923.08/customer

That's a lot of low dollar customers.