Are Credit Unions Safe? What they ACTUALLY do with your money...

With several large U.S. banks failing in the past few weeks, you might be getting worried about your Credit Union too.

In this video, we'll cover the details of how credit unions handle your deposits, how NCUA insurance works when a Credit Union collapses, and what would happen if your Credit Union goes out of business.

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Safe Bank Paying High Interest - CIT Savings Connect (4.20%) - https://www.roadmapmoney.com/go/CITSavingsConnect

Whiteboard Finance Car Debt Video - https://www.youtube.com/watch?v=15t7g2YCsIY

List of Credit Union Liquidations - https://ncua.gov/support-services/conservatorships-liquidations

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What is Roadmap Money?
I’m Jacob Wade, the Founder of Roadmap Money! I am a husband, father, and former full-time RVer!

RoadmapMoney.com was created out of a passion for helping you create a PLAN for your money and helping you keep more of it.

By budgeting and investing wisely, we have:

- Lived on $14 an hour and STILL saved money
- Enabled my wife to be a Stay At Home Mom
- Paid off over $40,000 in debt
- Grown our net worth from negative to over 6 figures
- Quit my six-figure job and travel the country for over two years!

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00:00 Intro
00:43 What do Credit Unions do with deposits?
02:45 Credit Union balance sheet
06:09 NCUA Insurance Explained
07:33 What if your Credit Union collapses?
10:06 Recent Credit Union closures
13:26 Are you protected?
14:52 Outro