During the credit crisis of 2008-2009, some credit unions suffered losses on second mortgages and home-equity loans that they had provided, and some credit unions experienced losses on mortgage-backed securities in which they had invested.

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During the credit crisis of 2008-2009, the financial turmoil affected a wide range of financial institutions, including credit unions. Many of them suffered losses due to defaults on second mortgages and home-equity loans, as well as on mortgage-backed securities, reflecting the widespread impact of the housing market collapse and the subsequent financial crisis.

During the Credit Crisis of 2008-2009, Some Credit Unions Suffered