Personally do you prefer banking with credit unions or the big banks like scotia?
Do you think credit unions. …taking less risks than big banks…would generally be safer places to deposit money in case there is a systemic risks or downturn to the economy?
Big banks have cdic
And credit unions have their own insurance scheme. Both of which would be in sufficient in case of bankruptcy anyways though.
But at least credit unions aren’t in the scope of bail in and bank recapitalization schemes.
Statistics: Posted by Carymay — Dec 18th, 2019 6:01 pm