Hands protecting piggy bank Source: Shutterstock

The rapid failure of Silicon Valley Bank (SVB) has caused a significant ripple effect throughout the entire financial system. The swift loss in confidence in SVB, which ultimately caused its demise, had investors scared, which led to many like banks losing significant amounts of equity and value. Since credit unions do not exist to attract Wall Street investors, their basic structure makes them uniquely resistant to stock market fears and anxieties.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.