(Total Views: 209)
Posted On: 04/15/2020 8:15:31 PM
Post# of 51897
My guess would be
It's a credit union and with Michigan stalled in getting unemployment claims out the door and people paid for over 4 weeks now, business closed . That their cash deposits are down. Payment on loans are late and people might have raided their accounts, rather than having the cash in the bank. Making it a liquidity cash flow problem.
It might be isolated to just my C.U., but it isn't a healthy sign.
It's a credit union and with Michigan stalled in getting unemployment claims out the door and people paid for over 4 weeks now, business closed . That their cash deposits are down. Payment on loans are late and people might have raided their accounts, rather than having the cash in the bank. Making it a liquidity cash flow problem.
It might be isolated to just my C.U., but it isn't a healthy sign.
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I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...everything I say is of my opinion. I'm not a good place to get investment advise...
