Between Credit Unions and Banks

Making the Right Choice: Selecting 

What is a Credit Union?

A not-for-profit financial institution owned by its members, offering a range of banking services and focusing on community involvement.

What is a Bank?

A for-profit financial institution that provides a wide array of financial services to individuals and businesses.

For-Profit vs Non-Profit: What's The 


For-profit banks prioritize profit, charge higher rates/fees. Non-profit credit unions are owned by members, offer lower rates/fees, personalized service.

FDIC vs NCUA: Is My Money Safe?

Gov-backed. Insure deposits in banks & credit unions up to $250K. Your money is safe, regardless of institution.

Ownership vs Membership: What's 

the Difference?

Banks are owned by stockholders, while credit unions are owned by their members, giving members decision-making power.

Interest Rates: What Should I 


Credit unions offer lower loan rates & higher savings rates than banks because they're not-for-profit, while banks charge higher fees. Compare before deciding.

Customer Service: Will I Be Treated 


Credit unions prioritize personalized service for members, while banks prioritize profits over customer needs.

How to Compare Financial Institutions 

Before Making Your Decision

Consider interest rates, fees, and recommendations from friends and family when comparing financial institutions. Make an informed decision 


Choosing a bank or credit union sets the foundation for financial success—research, compare, decide, and achieve your goals.

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