No Need To Hoard Cash

Your money is safe in a financial institution

April 7, 2020
No Need To Hoard Cash

Photo Illustration by Justin Sullivan / Getty Images

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By Steven John

During a national emergency like the Covid-19 pandemic, people start hoarding things like food, water and even toilet paper as we’ve seen. Fueled by misinformation, this has also extended to cash on hand.

Jennifer Binkley President and CEO of Altura Credit Union in Riverside came on the program to say there is no need to hoard cash because your money is safe in a financial institution.

According to Binkley the Credit Union National Association (CUNA) released five steps consumers should take to exercise financial caution in the face of a global pandemic.

Listen to the interview in this segment of Eye on the Community.