Credit Union vs Bank
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Are credit unions not-for-profit?
Credit unions operate as member-owned cooperatives.
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Who owns a credit union?
Credit unions are owned by their members.
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Do credit unions offer checking accounts?
Yes. Checking account options are available.
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Do credit unions offer loans?
Yes. Credit unions offer many lending products.
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Can anyone join a credit union?
Membership eligibility requirements apply.
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Are credit unions federally insured?
Eligible deposits are insured by the NCUA up to applicable limits.
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Why choose a credit union?
Many people value local service and member-focused benefits.
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What is the difference between a credit union and a bank?
Credit unions are member-owned financial cooperatives.