Check Up On Your Bankby Tim Manni
Here’s something we found that’s an important follow up to a post we published on Wednesday, July 15, “Insure Your Money, Diversify Your Accounts” (see below).
Banks and credit unions are required by law to file quarterly reports that detail their financial condition. Click this link to verify if your bank or credit union (hence, your money!) is federally insured.
“You can look up your bank or credit union at the following links to a) make sure they are insured, and b) check their financial statements and ratio reports, which are a quick snapshot of their performance.”