League Hosts CU Roundtable on Bank Failures, CU Response Your League today hosted a virtual roundtable event on concerns within the banking sector following high-profile bank failures here in the U.S. and abroad. View the virtual event Passcode: 1weP.E$B Our member credit unions reported few real concerns from members related to account insurance coverage and nothing of consequence related to deposit inflows or outflows. Credit unions that did offer their perspective noted that they were proactive in communicating with members about the health of their credit union and the safety of member deposits. Our virtual roundtable event also covered the possibility of adjustments to the deposit insurance amount (should Congress choose to pursue an adjustment), private share insurance, and the possible impact of the Credit Suisse acquisition on U.S. markets. Your League continues to engage with federal lawmakers, regulators and administration officials on the developing situation related to banking sector.
