I'm good with mine. Feels like a normal bank. My money is still insured (I don't recall how. I think it's not FDIC. You'd have to check.) Their terms for a HELOC were more favorable and usually when you get a mortgage, the bank sells it immediately. But my credit union has held it the whole time. Also when some banks were getting bailed out, it was business as usual for my credit union. I'm not certain, but I think there are different rules for them as to how much cash they have to have relative to their deposits. Maybe someone with more knowledge can chime in.

On the down side, it was more difficult to transfer large funds than from my brokerage and I think they offer fewer services. My credit Union for instance doesn't offer bridge loans.