bank vs. credit union?

Credit unions are financial institutions, like banks. They offer many of the same products and services -- savings accounts, checking accounts, ATM/debit cards, credit cards, auto loans, mortgages, home equity loans, etc. Both have deposit insurance so your money will be safe. Credit unions have insurance through the National Credit Union Administration, which is a government agency similar to the FDIC.

The main difference from your viewpoint as a consumer is that you can become a customer of any bank, while credit unions can only serve people who fit in their "Field of Membership." Some credit unions are sponsored by a company and only the employees can join. There are numerous credit unions that have "community charters" which allow them to serve people who live within a defined geographic region (i.e. city, county, zip codes, etc.).

Most of the time credit unions offer better rates and have fewer fees than other financial institutions. Banks have more branch offices than credit unions.

Hope this helps. Good luck!

Well they both have their pros and cons. I personally prefer credit unions, since I don't do any serious banking it's great. With the credit union you get free checking and savings and they usuakl have lower interest rates for loans. Since the credit union is there to make a profit you usually get lower rate and fees or even zero fees. But the credit union lacks so of the services that a bank would provide like currency exchange online bill pay and other services.

i prefer CREDIT UNION

most of the credit unions does have online bill payment . before you open an account in

credit union visit their website

It relies upon, commonly circumstances a credit union could have an stronger value and be much less complicated. in the journey that your in a credit union, you would be much less of feasible, and commonly circumstances the CU will supply reductions to members. each and every so often its much less complicated because is usually greater personable at a CU. maximum banks and outher classic lenders, use fani mae or freddi mac for invester delievery...a CU is greater apt to have inner maximum traders so there is far less restrict and greater flexibility to make the mortgage,

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RE :Bank vs. credit union?

Which do you prefer

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Maybe, but I'm not 100% certain

I do not know the best way to answer this without offending