UPDATE: The role of Credit Unions in the reset and Foundations.

Short story.  It was "cute" how this morning phone call happened.  My source has a special needs child who is about four.  She loves to talk on the cell phone.  She just "happened" to call me.  Ya right.  LOL

Credit Unions:  They must conform to the new banking reforms.  For most credit unions this should not be a problem as they operate under a different set of rules from banks.  The things to look for in a particular credit union is their exposure to the Fed.  They all have to have some. The less the better.  20% is about as much as I personally would want to see my credit union have.  The other is their exposure to derivatives.  None would be best.  Use this site to determine what shape your credit union is in.  http://www.bankrate.com/?ec_id=m1077678&s_kwcid=AL!1325!10!3992110123!20545458393&ef_id=Vqq-MgAABRRKOPZD%3a20160131191031%3as

I asked when the banking holiday comes will they stay open?  Answer:  Depends on the severity of the crash and the condition of the union.

Will my money be safe in a credit union?  All my stuff is in a credit union.  

Foundations:  I asked if it was alright to say what foundation you work for?  We've been told to get the word out to any and everyone who wants to be informed.  Here is a link to the Foundation they work for/with.  http://www.payitforwardfoundation.org/about

Wounded Warriors:  My source had told me yesterday they were under investigation and were at risk of losing their status.  He didn't know what the beef was about or if someone just had a "hard on" for them.   Then today I saw this article on Fox http://www.foxnews.com/us/2016/01/31/charity-watchdog-reportedly-pl...

Am I caught up? Am I missing something?  Let me know if I am.

 

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Comment by Carol Iwanski on January 31, 2016 at 12:49pm

Thanks Sam, I'll check out my cr. un.  That's where I have most of my money, not in a bank.

Comment by UnSlaveMe on January 31, 2016 at 12:33pm

Thanks for your posts Sam. Good info. 

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