Bank or Credit Union - Which is Best?

Banks and credit unions both offer similar services.  Most of us can get what we need - checking, savings, and a loan or two - from either one.  So which is better?

As with many things, it depends.

You almost always have to give something up when you make a choice.  Large banks have a little more horsepower, but they don't have the same rates and personal service you get from a credit union or small bank.  Some credit unions are very friendly, while others do all the same things that drive you away from your bank.

Compare and contrast banks and credit unions, and find out if the difference means anything to you.

Further reading:

• How Credit Unions Work