Credit Union vs. Bank: Key Differences & Similarities

Publisher: EarnIn

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Credit Union vs. Bank: Key Differences & Similarities

If you have money you’d like to place in a savings account or need to take out a loan, figuring out which financial institution you’d like to work with is tough enough. But to start, you have to decide between a bank or a credit union. But what is a credit union versus a bank? Is a credit union a bank? Are credit unions better than banks? Deciding between the two might feel overwhelming, but knowing the differences between a credit union account and a bank account can help you make the right financial decision. In this guide, we’ll clarify the differences to help you determine if a bank or credit union would suit you better.