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Uninsured Money Deposited In Banks Cited By Executives
Washington AP reporting that savings and loan associations and credit unions place large sums in banks above the insured limit. Penn Square Bank collapse exposed risk to about 170 institutions with over 100 million uninsured funds. Executives cite higher returns and convenience while stressing due diligence on bank health.
MENTIONED IN THIS ARTICLE
Washington
Penn Square Bank
Oklahoma
S&l
Credit Union
S&ls
Rollin Barnard
Denver
Midland Federal Savings and Loan Association
Illinois S&l
Robert van der Ohe
Credit Union National Association
Federal Deposit Insurance Corp
Insurance Corporation
Insurance Fund
Alan Whitney
Whitney
Penn Square
Savings and Loans
Money
Florida
Barnard