it does not, credit unions are not members of the FDIC. They are members of the ... | Hacker News

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mixdup on March 12, 2023 | parent | context | favorite | on: Joint statement by the Department of the Treasury,...

it does not, credit unions are not members of the FDIC. They are members of the NCUA, which serves the same purpose as the FDIC for credit unions

bombcar on March 12, 2023 [–]

If anything they’ll benefit slightly by being able to offer slightly higher rates.

Though hopefully the total cost after everything is worked out is vanishingly small - otherwise we have a much larger problem.

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