Would you quit your bank if it went into receivership?

In My Humble Opinion
1

Actually, mine is a credit union that I joined at the first of this year, and then soon learned that it is in receivership. Talking to the director and doing some research seemed reassuring, but I know so little about these things I’d just like some other opinions. Please–would you stay or go, and depending on what?

Miz

2

assuming the US, stay. At least until the new management made their policies clear. If the new deal was worse than the competition, then move. But the receivership won’t be a factor.

3

Is their insurance paid up? I knew some people who lost money when a bank went broke because of some insurance foul up.