What to look for in credit union checking
As a whole, credit unions have shown more stability than banks, says McClary.
"Even though, in general, credit unions are smaller than banks, stability is not relevant to size," McClary says.
Credit unions have a stronger relationship with their customers, which makes a good case for credit unions staying in business.
Ask how long your credit union has been up and running and how it manages investments, and verify that it is growing responsibly.
"Measured growth is a sign of stability and profitability," says McClary. "They shouldn't be branching out so quickly that they can't effectively service the customers they have."