# Would you quit your bank if it went into receivership? **URL:** \ **Category:** In My Humble Opinion\ **Created:** [October 7, 2011, 1:43am UTC](https://boards.straightdope.com/t/would-you-quit-your-bank-if-it-went-into-receivership/598850 "2011-10-07T01:43:56Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![MizQuirk](https://avatars.discourse-cdn.com/v4/letter/m/94ad74/32.png) [@MizQuirk](https://boards.straightdope.com/u/MizQuirk)\ **Post date:** [October 7, 2011, 1:43am UTC](https://boards.straightdope.com/t/would-you-quit-your-bank-if-it-went-into-receivership/598850/1 "2011-10-07T01:43:56Z")
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 ---
**Author:** ![rbroome](https://avatars.discourse-cdn.com/v4/letter/r/838e76/32.png) [@rbroome](https://boards.straightdope.com/u/rbroome)\ **Post date:** [October 9, 2011, 12:03am UTC](https://boards.straightdope.com/t/would-you-quit-your-bank-if-it-went-into-receivership/598850/2 "2011-10-09T00:03:13Z")
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. ---
**Author:** ![janeslogin](https://avatars.discourse-cdn.com/v4/letter/j/df788c/32.png) [@janeslogin](https://boards.straightdope.com/u/janeslogin)\ **Post date:** [October 9, 2011, 3:05pm UTC](https://boards.straightdope.com/t/would-you-quit-your-bank-if-it-went-into-receivership/598850/3 "2011-10-09T15:05:45Z")
Is their insurance paid up? I knew some people who lost money when a bank went broke because of some insurance foul up.