What's the difference between a credit union and a bank?
It can be difficult to tell the difference between a credit union and a bank. There are a lot of similarities between the two; they both offer checking accounts, credit cards, auto loans and other financial products. However, there are a few distinct differences that set credit unions apart.
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Savings Accounts: More Than a Piggy Bank
Your first experience with saving money may have come from putting spare change in a piggy bank. Over time, the piggy likely got heavier and fuller until one day, you broke it open to buy that toy you had been saving for. This is a good lesson in delaying gratification – putting money aside today to use later.
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Five Reasons to Choose a Credit Union Over a Bank
Creature comforts like smartphone bank deposits are nice, but how much are they costing you? Your statement might not show the costs directly, but there’s an old adage about situations like this: If you’re not paying for a service, you’re not the customer. You’re the product.
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