I'll repeat my question: Does credit unions are entering in the definition of bank in this bill?
No, I don't think so. But I am open to hearing why they should or should not. Also most of these regulations apply to unregulated or underegulated institutions like Hedge Funds and Investment banks. Traditional Banks are for the most part already heavilly regulated. As such I would assume that Credit unions are as well but I could be wrong and I would interested in hearing a more indepth analysis of the matter from yourself.
That was only a question. I unable to give you an indepth analysis of that. Economy is too complex for me, I leave that to other ones, especially for Atlasian details.
Considering than credit are, for the most part, banks whose shareholders are the members of the credit union, i.e. persons who have an account, and by the fact than each member has a vote, no matter how much capital he has in the credit union. They are also have membership restrictions in Atlasia, they only can have members who are living in specific place, who are doing the same job or who are working a the same place. I disagree with those restrictions, but that is not the point.
Credit unions members shouldn't lose all their money if their financial institution collaspes. They deserve as much prtoection than banks customers, they shouldn't be protected because they made a different choice.
