Progressions Credit Union is Safe and Strong The recent failure of California-based IndyMac, the largest regulated thrift to fail in the last 20 years, has prompted some of our members to ask the question: Are my deposits safe? The answer is yes, all insured shares at the credit union are safe and secure. You see, while credit unions and banks are both full-service financial institutions, credit unions differ from banks in that credit unions are not-for-profit financial cooperatives who are in
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