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Money Advice for Life
Credit Unions vs. Banks: What’s the difference?
When it comes to managing your finances and choosing where to bank, there are many things to consider including whether you should choose a credit union or a bank.
Credit unions and banks are pretty similar in the types of products and services they offer. However, there are many differences in how they operate. Whether you are looking for a new financial institution or just starting out, here are a few of the differences to help you determine which is a perfect fit for you.
Credit unions are part of the local community. They not only live, work and play within the communities they serve, but also give back to their local communities to help improve the financial well-being of their members. When it comes to managing your finances, you want to ensure the financial institution you choose has your, and your communities, best interest at heart.
At the end of the day, your financial institution should have you as their number one priority. Would you have it any other way?