[paperpunk]

How do you know it’s never lost your money? Do you audit each transaction on your statements?

[kbolino]

I would hope so. I certainly do. In 25 years of using them, I have never had a conventionally regulated financial institution (NCUA-insured credit union, FDIC-insured bank) lose so much as a penny. Whether they are keeping proper reserves is another question entirely, but also not really my problem (NCUA and FDIC exist for a reason).