After SVB Collapse, Depositors Weigh Banks Versus Credit Unions

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The Street

By Brian O’Connell Do credit unions offer more protection than banks? The U.S. government threw Silicon Valley Bank depositors a lifeline earlier this week, but bank depositors know that Uncle Sam likely won’t be so generous the next time a bank fails. Now, it’s up to banking consumers to lay the foundation for a safe deposit experience. That outlook has depositors mulling over a new reality – are credit unions a better bet to protect their cash? DON’T MISS: New Silicon Valley Bank CEO Asks Customers to Come Back Up until the SVB debacle showed up on consumers’ radar screens, the public percep…

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