Credit unions remain focused on keeping consumers’ money safe and secure, CUNA President/CEO Jim Nussle wrote in CUInsight Friday, noting that recent bank failures have consumers concerned.
CUNA has launched a webpage to support and provide resources for member credit unions looking to highlight credit unions’ safety and soundness in the wake of the Silicon Valley Bank collapse.
The collapse of Silicon Valley Bank last week is the second largest failure of a financial institution in U.S. history. While this situation does not include any credit union failure, it may still create consumer concerns and questions for credit unions.