“There is no question” that the banking crisis has impacted — and will continue to impact — credit unions, according to PSCU CEO Chuck Fagan.
“The safety and soundness of our entire financial system are critical. If consumers, in general, don’t trust the financial system in the U.S., everything falls apart,” he said.
Credit unions received countless calls from worried members in the immediate aftermath of Silicon Valley Bank’s collapse, but Fagan said the credit union CEOs he spoke…
