this post was submitted on 21 Feb 2025
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Economist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession" (lemmy.blahaj.zone)
submitted 2 days ago by florencia@lemmy.blahaj.zone to c/whitepeopletwitter@sh.itjust.works
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Source: https://bsky.app/profile/jrothst.bsky.social/post/3liin7up3ck2z

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[–] BradleyUffner@lemmy.world 2 points 2 days ago* (last edited 2 days ago)

Credit unions are covered by the NCUA, which is serves a similar function as the FDIC, but is a completely separate entity. I've been moving funds to my credit union account for the time being to act as a buffer. I'm not confident they won't go after both the FDIC and the NCUA, but I'm hoping the NCUA can buy some time if the FDIC goes down first.