Comment: fractional reserve banking

(See in situ)

In reply to comment: Bank accounts are bad ideas (see in situ)

fractional reserve banking

It would be news to me if credit unions do fractional reserve banking. They have not stockholders to satisfy, only the members cash on hand. I really do not think they can take a 10 dollar share and make a hundred dollar loan from it. I believe all credit unions are solvent because of that. Please set me straight if that is not so.