June 5, 2020

Banks are in trouble.

With so many of the larger banks rushing to increase fees and interest and reduce your credit limits, some financial advisors are advising the consumers consider smaller, local community banks and credit unions to provide your services. 

When you consider making such a change, be sure to patronize only banks insured by the FDIC and credit unions covered by NCUA.

Below is a link to a scary but very informative list of the 545 banks in trouble nationwide.  This is an unofficial list of Problem Banks compiled only from public sources.  (NOTE: Columns are sortable – click on column header.) http://www.calculatedriskblog.com/2009/12/unofficial-problem-bank-list-545-banks.html

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