The bull case for credit unions
Are there any credit unions that are publicly traded? All of these new checking fees are driving people out of big banks, and credit unions have better interest rates. They are also less regulated, so it is easier for them to lend. A lot of people are leaving big banks and dont care if the credit unions are fdic insured because they think all of the big banks will collapse and dont really understand FDIC insurance. if the big banks are making the credit unions trade at low p/b ratios, I think they may be a steal, especially because 1) they dont hold a lot of european debt like the big banks do 2) the us economy is technically still growing
Am I missing anything, or is this a very bullish combination? I am not a credit union expert but they seem to be gaining market share and dont have the same problems as the big guys....could be an excellent opportunity.