Trump Just Fired Credit Union Watchdogs—Is our Money Safe Anymore?

Trump Just Fired Credit Union Watchdogs—Is  our Money Safe Anymore?

Big shakeup this morning, and it’s not just about big banks.

President Trump has fired the two Democrats on the National Credit Union Administration board—the group that regulates credit unions, aka the places people fled to when they stopped trusting big banks.

Why does this matter? Because this isn't just a reshuffle. It's part of a bigger pattern.

There are already rumors Trump wants to merge or dismantle the FDIC—the agency that guarantees your bank deposits up to $250,000. And credit unions have similar protections through the NCUA.

So now the administration is:

Targeting the institutions that protect your money

Messing with financial regulators

Entertaining the idea of firing Jerome Powell

And the markets? They’re nervous. Real nervous. Consumer confidence in the U.S. banking system is dropping fast.

So yeah, even if you ditched the big banks for a local credit union, you might not be spared.

Because when it comes to gutting financial protections, no one’s safe.

Stay alert.