In the US you always see stories in the media about people having their accounts frozen for no reason, or people losing money to bank fraud and scams, etc.
The 2008 financial crisis involved the biggest banks in the United States going under or getting bailed out with taxpayer dollars.
In more recent times major regional banks like Silicon Valley Bank and others have imploded and there appears to be another serious banking crisis on the horizon according to many.
To be honest with you. The issue of a serious bank crisis just started and there's more to come so brace yourself for safety alternatives.
Many people may seem not to understand the reason why BlackRock, Fidelity, and others file for spot ETF was the purpose of moving to alternative safety which is a cryptocurrency because they know the issue with banks in the future is inevitable and it will get worse.
But I never heard anything about credit unions having such problems. Why is that?
You will never issue like that with Credit Unions due to their mode of operations. Credit Unions always reinvest almost all their profit back into the product they offer to make flourish while Banks only focus on making a profit and sharing with their shareholders and all the parties involved.