A number of credit unions are in big trouble as well, so they have not been insulated from this financial crisis. BECU is succking wind, as is Twin Star, and a few others.

Check out your credit union on the website below. You need to know where their headquarters is, and these are only CU's headquartered in WA. Just because they have lost money doesn't mean they'll fail. Look at their capital as a percentage of total assets. If they are below 10% capital to assets, they are in trouble. CU's, like some mutuals, don't sell stock, and therefore have limited means to raise additional capital. You may hear about more and more CU's going away.

Washington CU's