Banks and Credit Unions

Owned by members or employees of a local employer

• Bank

• Credit Union

• Both

Offers an ATM

• Bank

• Credit Union

• Both

Offers Savings and Checking Accounts

• Bank

• Credit Union

• Both

Caters services to businesses but also serves individual customers

• Bank

• Credit Union

• Both

Nonprofit

• Bank

• Credit Union

• Both

Profit

• Bank

• Credit Union

• Both

No membership required

• Bank

• Credit Unions

• Both

Generally lower savings rates and higher fees

• Banks

• Credit Cards

• Both

May be more limited in the financial products offered

• Bank

• Credit Union

• Both

NCUA provides deposit insurance

• Bank

• Credit Union

• Both