How safe is your local Credit Union

[Hereiam]

I know the banks have been taken a hammering lately but what about the credit unions. Is over money safe in these institutions. Seen this on the bbc news
http://www.bbc.co.uk/news/uk-northern-ireland-11794686

Are alot of the C.U's in the same position.

[bennydorano]

Armagh CU made £600k acc to statement that came today. Another bout of scaremongering is whats really required.