Credit Unions Vs. Banks: How To Decide
When deciding whether to go the credit union way or choose a bank, consider many factors. There’s not much difference between the two. However, it’s mandatory to make the best decision. Convenience is key when deciding where to open financial accounts. However, more factors require analysis. Worry not, because both banks and credit union facilities are equally secure. The government offers insurance to these institutions to increase security and customer trust. What matters most to customers is ATM availability and low fees on checking accounts. So, what does it take to decide between banks and credit unions? Credit Unions vs. Banks: A Breakdown of Features Although the same features are available in credit unions and banks, there are slight differences. Here’s a full breakdown: Ownership and Membership Investors run banks, so customers have no say in what a bank does. On the flip side, a credit union has a membership. Membership means that cu...