Where our mission is to enable the underserved, unbanked, and no credit population to build and fulfill dreams by taking the Peoples Advantage. Peoples Advantage Federal Credit Union. PO Box 3180, Petersburg, VA 23805. Phone: 804.748.3081.
And we know that most bankruptcies in the US are related to medical expenses. The market driven US health care system murders more people than all the terrorist groups put together. I commented on the recent meningitis outbreak another example of market failure with devastating results.
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities.[1] More specifically, a bank usually fails economically when the market value of its assets declines to a value that is less than the market value of its liabilities.