While many people are uncertain of what’s to come, there has been an uptick in large cash withdrawals at banks and credit unions. Keeping large amounts of cash on hand at home, where it can be lost or stolen, is an unnecessary risk to be taking.
Cash kept in the bank, on the other hand, is protected — deposits at all federal credit unions are covered by National Credit Union Share Insurance Fund (NCUSIF) protection up to at least $250,000 per individual depositor. The National Credit Union Administration (NCUA) is the independent agency that administers the NCUSIF. Like the FDIC’s Deposit Insurance Fund, the NCUSIF is a federal insurance fund backed by the full faith and credit of the United States government.
We encourage members to use other forms of payment when possible, such as credit or debit cards, which can be easily sanitized. We are vigilantly cleaning all surfaces that members and staff touch frequently, including ATM screen and keypads, drive up canisters, etc.
–Article adapted from BusinessInsider.com