[FunkyZero]

I don't think a credit union is any different than a bank when it comes to fed oversight. Someone correct me if I'm wrong, but I believe the follow all the same rules. The way I always understood it, the only difference is Credit Unions are co-ops owned by a group of members rather than a company.

IMHO, The safest thing to do is convert your overflow cash into something physical that will not depreciate. This does 2 things: Un-ties you wealth from the sliding dollar scale and 2: converts it from a track-able and taxable electronic record to a physical item that cannot be tracked... no one but you needs to know it exists.

There are risks depending on what you convert it into, but I chose silver because my goal was to safely STORE my wealth, not to try to play the silver market game. Doesn't matter how many dollars they print and dilute the pool, 1oz of silver is still 1oz of silver... they can't print that or water it down and take it.

[karl]

In 1933 President Roosevelt passed executive order 6102 which forbade the hoarding (ownership) of gold within the continental United States.

Our present leader probably could do the same thing with gold and silver by using his famous phone and pen.

Chilling, isn’t it?

[kiryandil]

no one but you needs to know it exists.

Well, the one problem with that is that the IRS gets to pretend that you found it by the side of the road if you convert it in a transaction they can track.