When it comes time to obtain financial services, most of us start comparing the offerings of various banks. But there's another option that many consumers are not aware of, or do not fully understand: credit unions. A credit union offers the same types of services as a bank, but instead of being owned by stockholders, it is member-owned.
Unlike banks, credit unions are not open to anyone who walks through the door. They have certain requirements for membership. Some are for employees of certain companies, while others serve residents and workers of a certain city or county. Some carefully restrict... Articles Tagged ‘bank or credit union’
Bank or Credit Union – Which Is Better?
When it comes time to obtain financial services, most of us start comparing the offerings of various banks. But there's another option that many consumers are not aware of, or do not fully understand: credit unions. A credit union offers the same types of services as a bank, but instead of being owned by stockholders, it is member-owned.
Unlike banks, credit unions are not open to anyone who walks through the door. They have certain requirements for membership. Some are for employees of certain companies, while others serve residents and workers of a certain city or county. Some carefully restrict...
Thursday, March 10th, 2011
When it comes time to obtain financial services, most of us start comparing the offerings of various banks. But there's another option that many consumers are not aware of, or do not fully understand: credit unions. A credit union offers the same types of services as a bank, but instead of being owned by stockholders, it is member-owned.
Unlike banks, credit unions are not open to anyone who walks through the door. They have certain requirements for membership. Some are for employees of certain companies, while others serve residents and workers of a certain city or county. Some carefully restrict... 
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